What is Intermediary/Middleman?
Let's find out Intermediary/Middleman meaning, definition in crypto, what is Intermediary/Middleman, and all other detailed facts.
An intermediary, or a middleman, is a person or an institution that acts as a mediator between two parties and helps them settle agreements or carry out orders. Financial institutions such as crypto exchanges, financial advisors, investment banks, mutual funds, credit unions, and investment trusts can act as intermediaries.
It’s beneficial to use financial intermediaries because they can enhance security, improve liquidity, and lower costs. For example, when using crypto exchange, you’ll probably get lower transaction fees because it normally achieves economies of scale. Besides, it’s important to note that many platforms add a margin to generate more profit.
However, there are also some disadvantages of using intermediaries. For example, if an investor ends up holding his digital assets in a wallet on the intermediary platform, he might end up putting his funds at risk if the exchange platform, let’s say, is targeted in a cyberattack.
Moreover, there is a possibility of outages which is definitely an issue. For example, some centralized exchanges have had to halt withdrawals because of police investigations which left investors unable to retrieve their assets. Other platforms also have gained a bad reputation for going offline when, let’s say, crypto assets like Bitcoin experience substantial price changes.
Therefore, it is especially important to do research before choosing an intermediary. It’s crucial to consider that companies with a less clean reputation may exaggerate trading volumes to make them appear larger than they are.
There are two terms you must know in regards to interests rates: APR and APY.<\/p>\n<p>When a person takes out credit, they’re charged an interest rate which is described as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-annual-percentage-rate-apr/">an annual percentage rate (APR)<\/strong><\/strong><\/a>. It determines the amount of interest paid each year based on the full loan. <\/p>\n<p>Investors, individuals, or institutions that give out loans aren’t the only ones that reap the benefits of interest rates. For example, a bank pays its client an interest rate for holding their personal funds in a savings account provided by the bank. That interest rate defines how much the client will earn over one year and is also known as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-annual-percentage-yield-apy/">an annual percentage yield (APY)<\/strong><\/a>.<\/p>\n<p>When it comes to the cryptocurrency sector, interest rates operate the same for the most part except there are a few extra intricacies. <\/p>\n<p>Generally speaking, the cryptocurrency market is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volatility/">volatile/strong>/a>. These high levels of volatility make the <strong>interest rate fluctuate significantly over a short period of time<\/strong>.<\/p>\n<p>The interest rate is related to the amount borrowed. Therefore, if the borrowed amount increases in value, then the absolute value of the interest rate will increase accordingly. With the exception of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-pegged-currency/">currency pegging<\/strong><\/a> at the time of borrowing.<\/p>","definition":"defines the percentage which is charged for taking out a loan.","status":"published","meta_title":"What are Interest Rates? Definition & Meaning | Crypto Wiki","meta_description":"Interest Rates meaning: Interest Rates - defines the percentage which is charged for taking out a loan.","meta_keywords":null}" :model="{"id":412,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Intermediary","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-02T10:58:05.000000Z","slug":"what-is-intermediary-middleman","title":"What is Intermediary\/Middleman?","section":"I","keyword":"Intermediary\/Middleman","content":"<p><strong>An intermediary<\/strong>, or a middleman, is a person or an institution that acts as a mediator between two parties and helps them settle agreements or carry out orders. Financial institutions such as <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">crypto exchanges<\/strong><\/strong><\/a>, financial advisors, investment banks, mutual funds, credit unions, and <strong>investment trusts<\/strong> can act as intermediaries.<\/p>\n<p>It’s beneficial to use financial intermediaries because they can enhance security, improve <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity/strong>/a>, and lower costs. For example, when using <strong>crypto exchange<\/strong>, you’ll probably get lower <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-transaction-fee/">transaction fees<\/strong><\/a> because it normally achieves economies of scale. Besides, it’s important to note that many platforms add a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-margin-trading/">margin/strong>/a> to generate more profit.<\/p>\n<p>However, there are also some disadvantages of using intermediaries. For example, if an investor ends up holding his digital assets in a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">wallet/strong>/a> on the intermediary platform, he might end up <strong>putting his funds at risk<\/strong> if the exchange platform, let’s say, is targeted in a cyberattack.<\/p>\n<p>Moreover, there is a possibility of outages which is definitely an issue. For example, some <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-centralized-exchange-cex/">centralized exchanges<\/strong><\/a> have had to halt withdrawals because of police investigations which left investors <strong>unable to retrieve their assets<\/strong>. Other platforms also have gained a bad reputation for going offline when, let’s say, crypto assets like <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin/strong>/a> experience substantial price changes.<\/p>\n<p>Therefore, it is especially important to <strong>do research before choosing an intermediary<\/strong>. It’s crucial to consider that companies with a less clean reputation may exaggerate <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-trading-volume/">trading volumes<\/strong><\/a> to make them appear larger than they are.<\/p>","definition":"a person or an institution that works as a mediator between two parties in order to facilitate agreements or carry out orders.","status":"published","meta_title":"What is Intermediary\/Middleman? Definition & Meaning | Crypto Wiki","meta_description":"Intermediary\/Middleman meaning: Intermediary\/Middleman - a person or an institution that works as a mediator between two parties in order to facilitate agreements or carry out orders.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? 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