kaal:claim:4033886-008

Even for the most liquid level one digital assets, managers may choose between the price on a favored exchange and an aggregate across exchanges, so the same asset can be reported at different values by different managers.

Source quote, verbatim

For instance, when quoting level 1 securities, while some managers may use the price on their favored cryptocurrency exchange, others might take an aggregate the price from multiple exchanges.7

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

quoting level 1 digital assets

Classification

mechanismsupport: evidencedfailure: price source shoppingfamily: valuation-and-pricing-failureeconomicsdefi

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