Defining Relevant Markets in the Crypto Economy

The regulation of cryptocurrencies and the application of antitrust law to cryptocurrencies is still in its infancy. As the definition of relevant markets may play a role both in antitrust law and other areas of the law, we discuss how existing methods to delineate relevant markets may be adapted to cryptocurrency market, in relation to consensus mechanisms, crypto exchanges, and transactional money.

By Florian Deuflhard & C.-Philipp Heller^[1]

I. INTRODUCTION

Since the creation of Bi