kaal:claim:4033886-006

Digital asset exchanges have no closing prices, so digital asset managers cannot rely on the closing price convention that underpins traditional valuation practice.

Source quote, verbatim

Because digital asset exchanges do not have closing prices, digital asset managers cannot simply use the closing price for given asset.

From

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022), I. Introduction, p. 5
https://ssrn.com/abstract=4033886 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Hayley Howe, Digital Asset Valuation (2022). SSRN: https://ssrn.com/abstract=4033886

Holds when

digital asset exchanges

Classification

failuresupport: assertedfailure: no closing pricefamily: valuation-and-pricing-failureeconomicsdefi

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