What is the difference between a primary market and a stock exchange?
Could you please clarify the distinction between a primary market and a stock exchange for me? In a primary market, what specific activities occur that differentiate it from a stock exchange, where secondary trading of securities takes place? I'm particularly interested in understanding how these two markets interact and complement each other within the broader financial ecosystem. Additionally, could you elaborate on the role of intermediaries in both markets and how they facilitate transactions?
What is a primary crypto market?
In the vast and complex landscape of cryptocurrencies, it's essential to understand the nuances of various markets. Could you elaborate on what constitutes a primary crypto market? Specifically, I'm curious about its definition, purpose, and how it differs from other crypto trading platforms. Does it primarily facilitate the initial issuance and trading of cryptocurrencies, or does it encompass a broader range of activities? Additionally, how does the liquidity and volatility in a primary crypto market compare to those in secondary markets? I'm keen to gain a deeper understanding of this foundational concept in the world of cryptocurrencies.