| to give some examples: - you can trade crypto 24/7, this sounds obvious but on the other hand side this also means, there is no pre-market trading and all the obscure things attacked to it - before blocks are being created, transactions are usually collected in so called mempools. (Way oversimplified) block proposers or miners, who are selected to create the next block, can choose which transactions to include, as space is limited. They can also determine the order of these transactions. All of this is publicly visible and opens a lot of opportunities to harvest slippage etc. (lookup MEV-bots) - generally speaking, there is no robin hood or other intermediary, that can block you from trading - in crypto, you essentially have access to all available financial products without any barriers to entry compared to traditional finance it looks like this repository is using Binance APIs for trading. So my statements are no entirely true for this case. But you can use trading bots like this on decentralized exchanges or DeFi products like curve finance without being dependent of an intermediary |
Basically, people can front-run your trades, and this is built into the market by design. Also, instead of the winner being the fastest like in tradfi, there is a competitive auction where participants pay for priority. See, e.g., https://archive.ph/W0nvi or pages 7...9 of https://assets.ey.com/content/dam/ey-sites/ey-com/en_us/topi... for examples. Even if you are not the one doing the front-running, you have to be aware that someone else will be.
To make it more exciting there are also implementation bugs: https://archive.ph/9w32t