{"id":953,"date":"2026-02-18T16:07:23","date_gmt":"2026-02-18T08:07:23","guid":{"rendered":"https:\/\/www.yqcsfz.com\/?p=953"},"modified":"2026-02-18T16:07:23","modified_gmt":"2026-02-18T08:07:23","slug":"%e5%b8%81%e5%ae%89%e6%8e%a8%e5%87%ba%e3%80%8ctradfi-%e6%b0%b8%e7%bb%ad%e5%90%88%e7%ba%a6%e3%80%8d%ef%bc%8c%e9%a6%96%e5%8f%91%e6%b6%b5%e7%9b%96%e9%bb%84%e9%87%91%e3%80%81%e7%99%bd%e9%93%b6","status":"publish","type":"post","link":"https:\/\/www.manwah.net\/?p=953","title":{"rendered":"\u5e01\u5b89\u63a8\u51fa\u300cTradFi \u6c38\u7eed\u5408\u7ea6\u300d\uff0c\u9996\u53d1\u6db5\u76d6\u9ec4\u91d1\u3001\u767d\u94f6"},"content":{"rendered":"<div class=\"thumbnail-container animate-lazy\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"375\" class=\"attachment-jnews-750x375 size-jnews-750x375 lazyload wp-post-image\" alt=\"\u53f0\u6e7e\u8b66\u653f\u7f72\uff1a\u5883\u5916\u865a\u62df\u8d44\u4ea7\u4ea4\u6613\u6240\u4e0a\u5343\u5bb6\uff0c\u4ec5\u5e01\u5b89\u534f\u52a9\u8b66\u65b9\u529e\u6848\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2024\/03\/264d644f5963fbb246d97bd9bf8840852e47fef9-1-750x375.jpeg\" data-srcset=\"https:\/\/blockcast.it\/wp-content\/uploads\/2024\/03\/264d644f5963fbb246d97bd9bf8840852e47fef9-1-750x375.jpeg 750w, https:\/\/blockcast.it\/wp-content\/uploads\/2024\/03\/264d644f5963fbb246d97bd9bf8840852e47fef9-1-360x180.jpeg 360w\" data-sizes=\"auto\" data-expand=\"700\" title=\"\u5e01\u5b89\u63a8\u51fa\u300cTradFi \u6c38\u7eed\u5408\u7ea6\u300d\uff0c\u9996\u53d1\u6db5\u76d6\u9ec4\u91d1\u3001\u767d\u94f6\u63d2\u56fe\" \/><\/div>\n<\/div>\n<div class=\"entry-content no-share\">\n<div class=\"jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome\">\n<div class=\"jeg_share_float_container\"><\/div>\n<\/p><\/div>\n<div class=\"content-inner \">\n<p>\u5168\u7403\u4ea4\u6613\u91cf\u53ca\u7528\u6237\u6570\u6700\u5927\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5e01\u5b89\uff08Binance\uff09\uff0c\u4eca\uff088\uff09\u65e5\u5ba3\u5e03\u6b63\u5f0f\u63a8\u51fa\u300c\u4f20\u7edf\u91d1\u878d\uff08TradFi\uff09\u6c38\u7eed\u5408\u7ea6\u300d\uff0c\u8ba9\u7528\u6237\u53ef\u900f\u8fc7\u4ee5 USDT \u7ed3\u7b97\u7684\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u4f20\u7edf\u8d44\u4ea7\uff0c\u8fdb\u4e00\u6b65\u6269\u5c55\u5e01\u5b89\u7684\u884d\u751f\u54c1\u4ea7\u54c1\u7ebf\uff0c\u4e3a\u7528\u6237\u89e3\u9501 24\/7 \u5168\u5929\u5019\u7684\u591a\u5143\u4f20\u7edf\u91d1\u878d\u5e02\u573a\u66dd\u9669\uff0c\u5e76\u5e26\u6765\u5168\u65b0\u7684\u4ea4\u6613\u673a\u4f1a\u3002<\/p>\n<p>\u5e01\u5b89\u4ea7\u54c1\u526f\u603b\u88c1 Jeff Li \u8868\u793a\uff1a\u300cTradFi \u6c38\u7eed\u5408\u7ea6\u7684\u63a8\u51fa\uff0c\u662f\u8fde\u7ed3\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u521b\u65b0\u7684\u91cd\u8981\u4e00\u6b65\u3002\u900f\u8fc7\u63d0\u4f9b\u5168\u5929\u5019\u53ef\u53d6\u5f97\u4f20\u7edf\u8d44\u4ea7\u7684\u670d\u52a1\uff0c\u5e76\u7ed3\u5408\u6d41\u7545\u4e14\u5b89\u5168\u7684\u4ea4\u6613\u4f53\u9a8c\uff0c\u6211\u4eec\u534f\u52a9\u7528\u6237\u66f4\u6709\u6548\u5730\u591a\u5143\u914d\u7f6e\u5e76\u7ba1\u7406\u5176\u6295\u8d44\u7ec4\u5408\u3002\u5728\u5f3a\u5065\u7684\u76d1\u7ba1\u5408\u89c4\u4e0e\u4fe1\u4efb\u57fa\u7840\u652f\u6301\u4e0b\uff0c\u8fd9\u9879\u4ea7\u54c1\u4e3a\u5e01\u5b89\u5e73\u53f0\u4e0a\u7684\u52a0\u5bc6\u4ea4\u6613\u8005\u4e0e\u4f20\u7edf\u91d1\u878d\u53c2\u4e0e\u8005\u521b\u9020\u4e86\u5d2d\u65b0\u7684\u673a\u4f1a\u3002\u300d<\/p>\n<p>\u5e01\u5b89\u6210\u4e3a\u9996\u5bb6\u5728\u963f\u5e03\u8fbe\u6bd4\u56fd\u9645\u91d1\u878d\u4e2d\u5fc3\uff08ADGM\uff09\u76d1\u7ba1\u6846\u67b6\u4e0b\uff0c\u53d6\u5f97\u5b8c\u6574\u724c\u7167\u7684\u5168\u7403\u6570\u4f4d\u8d44\u4ea7\u4ea4\u6613\u5e73\u53f0\uff0c\u4e3a\u6570\u4f4d\u8d44\u4ea7\u76d1\u7ba1\u6811\u7acb\u5168\u65b0\u6807\u7aff\u3002\u4f20\u7edf\u91d1\u878d\uff08TradFi\uff09\u6c38\u7eed\u5408\u7ea6\u7531\u5e01\u5b89\u65d7\u4e0b\u5b9e\u4f53 Nest Exchange Limited \u6240\u63d0\u4f9b\uff0c\u8be5\u516c\u53f8\u4f5c\u4e3a\u300c\u516c\u8ba4\u6295\u8d44\u4ea4\u6613\u6240\uff08Recognized Investment Exchange\uff09\u300d\uff0c\u53d7 ADGM \u65d7\u4e0b\u91d1\u878d\u670d\u52a1\u76d1\u7ba1\u5c40\uff08FSRA\uff09\u76d1\u7ba1\u3002<\/p>\n<p>\u9996\u6279\u63a8\u51fa\u7684 TradFi \u6c38\u7eed\u5408\u7ea6 <b>XAUUSDT <\/b><b>\u4e0e<\/b><b> XAGUSDT<\/b>\uff0c\u5206\u522b\u5bf9\u5e94\u8d35\u91d1\u5c5e\u9ec4\u91d1\u4e0e\u767d\u94f6\u3002\u5e01\u5b89\u6b63\u79ef\u6781\u62d3\u5c55\u66f4\u591a\u4ea4\u6613\u5bf9\uff0c\u6301\u7eed\u6df1\u5316\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u5e02\u573a\u4e4b\u95f4\u7684\u8fde\u7ed3\u3002<\/p>\n<p>\u6b64\u6b21\u65b0\u4ea7\u54c1\u4e0a\u7ebf\u8ba9\u65e2\u6709\u7684\u52a0\u5bc6\u8d27\u5e01\u7528\u6237\u5f97\u4ee5\u63a5\u89e6\u4f20\u7edf\u91d1\u878d\u5de5\u5177\uff0c\u540c\u65f6\u4e5f\u652f\u6301\u4f20\u7edf\u5e02\u573a\u53c2\u4e0e\u8005\u5728\u53d7\u76d1\u7ba1\u7684\u5e01\u5b89\u5e73\u53f0\u4e0a\u63a2\u7d22\u6570\u4f4d\u8d44\u4ea7\u3002\u6b64\u4e3e\u8fdb\u4e00\u6b65\u5f70\u663e\u5e01\u5b89\u4f5c\u4e3a\u4ea7\u4e1a\u9886\u5bfc\u8005\uff0c\u81f4\u529b\u4e8e\u5728\u4e25\u683c\u9075\u5faa\u9ad8\u6807\u51c6\u76d1\u7ba1\u8981\u6c42\u7684\u540c\u65f6\uff0c\u6301\u7eed\u6269\u5927\u7528\u6237\u9009\u62e9\uff0c\u6df1\u5316\u4f20\u7edf\u91d1\u878d\u4e0e\u52a0\u5bc6\u5e02\u573a\u4e4b\u95f4\u7684\u8fde\u7ed3\u3002<\/p>\n<p>TradFi \u6c38\u7eed\u5408\u7ea6\u4ee5\u7b80\u5355\u3001\u6d41\u7545\u7684\u4ea4\u6613\u4f53\u9a8c\u4e3a\u8bbe\u8ba1\u6838\u5fc3\uff0c\u5408\u7ea6\u65e0\u5230\u671f\u65e5\uff0c\u5e76\u514d\u9664\u5408\u7ea6\u5c55\u671f\u7684\u9700\u6c42\u3002\u4ea4\u6613\u8005\u53ef\u8fd0\u7528\u8be5\u4ea7\u54c1\uff0c\u5728\u4f20\u7edf\u8d44\u4ea7\u4e0e\u6570\u4f4d\u8d44\u4ea7\u4e4b\u95f4\u8fdb\u884c\u907f\u9669\u3001\u5206\u6563\u6295\u8d44\uff0c\u5e76\u5f3a\u5316\u6295\u8d44\u7ec4\u5408\u7b56\u7565\u3002<\/p>\n<h4><b>TradFi <\/b><b>\u6c38\u7eed\u5408\u7ea6\u7684\u4e3b\u8981\u4f18\u52bf\u4e0e\u7279\u8272<\/b><b><\/b><\/h4>\n<ul>\n<li><b><\/b><b>\u5168\u5929\u5019<\/b><b> 24\/7 <\/b><b>\u4f20\u7edf\u5e02\u573a\u66dd\u9669<\/b>\uff1a\u4e0d\u540c\u4e8e\u4ec5\u5728\u7279\u5b9a\u65f6\u6bb5\u5f00\u5e02\u7684\u4f20\u7edf\u5e02\u573a\uff0c\u5e01\u5b89\u7684 TradFi \u6c38\u7eed\u5408\u7ea6\u652f\u63f4\u5168\u5929\u5019\u8fde\u7eed\u4ea4\u6613\uff0c\u6db5\u76d6\u76d8\u524d\u3001\u76d8\u540e\u53ca\u591c\u76d8\u65f6\u6bb5\uff0c\u4e3a\u5168\u7403\u7528\u6237\u63d0\u4f9b\u66f4\u9ad8\u7684\u7075\u6d3b\u6027\u4e0e\u53ef\u53ca\u6027\u3002<\/li>\n<li><b><\/b><b>\u7b80\u5355\u3001\u900f\u660e\u7684\u4ea4\u6613\u4f53\u9a8c<\/b>\uff1aTradFi \u6c38\u7eed\u5408\u7ea6\u4ee5 USDT \u7ed3\u7b97\uff0c\u91c7\u7528\u7528\u6237\u719f\u6089\u7684\u7ed3\u7b97\u8d27\u5e01\uff0c\u5e76\u6cbf\u7528\u5e01\u5b89\u73b0\u6709\u6c38\u7eed\u5408\u7ea6\u7684\u4e00\u81f4\u8d39\u7387\u7ed3\u6784\uff0c\u8ba9\u7528\u6237\u80fd\u5728\u53ef\u4fe1\u8d56\u7684\u5e73\u53f0\u4e0a\uff0c\u4ee5\u76f4\u89c2\u4e14\u5177\u6210\u672c\u6548\u76ca\u7684\u65b9\u5f0f\u5b9e\u73b0\u8de8\u8d44\u4ea7\u7c7b\u522b\u7684\u591a\u5143\u914d\u7f6e\u3002<\/li>\n<li><b><\/b><b>\u6760\u6746\u653e\u5927\u4ea4\u6613\u6548\u76ca<\/b>\uff1a\u7528\u6237\u53ef\u900f\u8fc7\u6760\u6746\u673a\u5236\u653e\u5927\u5e02\u573a\u66dd\u9669\uff0c\u652f\u63f4\u591a\u5143\u7684\u98ce\u9669\u627f\u53d7\u5ea6\u4e0e\u4ea4\u6613\u7b56\u7565\u9700\u6c42\u3002<\/li>\n<li><b><\/b><b>\u7a33\u5065\u53ef\u9760\u7684\u5b9a\u4ef7\u673a\u5236\u4e0e\u5148\u8fdb\u98ce\u9669\u7ba1\u7406<\/b>\uff1a\u5373\u4f7f\u5728\u6807\u7684\u8d44\u4ea7\u5e02\u573a\u4ea4\u6613\u65f6\u6bb5\u53d7\u9650\u7684\u60c5\u51b5\u4e0b\uff0c\u5e01\u5b89\u4ecd\u53ef\u7ef4\u6301\u8fde\u7eed\u4ea4\u6613\u3002\u4e3a\u786e\u4fdd\u4ef7\u683c\u516c\u5e73\u5e76\u6709\u6548\u7ba1\u7406\u975e\u4ea4\u6613\u65f6\u6bb5\u7684\u98ce\u9669\uff0c\u5e01\u5b89\u91c7\u7528\u591a\u5c42\u6b21\u7684\u5b9a\u4ef7\u4e0e\u98ce\u63a7\u673a\u5236\uff1a\n<ul>\n<li><b><\/b><b>\u4ef7\u683c\u6307\u6570\uff08<\/b><b>Price Index<\/b><b>\uff09<\/b>\uff1a\u6c47\u96c6\u591a\u5bb6\u6570\u636e\u4f9b\u5e94\u5546\u7684\u5e02\u573a\u6570\u636e\uff0c\u4e8e\u4ea4\u6613\u65f6\u6bb5\u5185\u6bcf\u79d2\u66f4\u65b0\uff1b\u5728\u975e\u4ea4\u6613\u65f6\u6bb5\uff0c\u4ef7\u683c\u6307\u6570\u5c06\u7ef4\u6301\u4e8e\u6700\u540e\u4e00\u7b14\u6570\u503c\uff0c\u4ee5\u786e\u4fdd\u4ef7\u683c\u7a33\u5b9a\u6027\u3002<\/li>\n<li><b><\/b><b>\u6807\u8bb0\u4ef7\u683c\uff08<\/b><b>Mark Price<\/b><b>\uff09<\/b>\uff1a\u4e8e\u4ea4\u6613\u65f6\u6bb5\u5185\u6bcf\u79d2\u66f4\u65b0\uff1b\u5728\u975e\u4ea4\u6613\u65f6\u6bb5\uff0c\u5219\u91c7\u7528\u4ee5\u6307\u6570\u52a0\u6743\u79fb\u52a8\u5e73\u5747\uff08EWMA\uff09\u8ba1\u7b97\u7684\u5e73\u6ed1\u671f\u8d27\u4ef7\u683c\uff0c\u4ee5\u964d\u4f4e\u4ef7\u683c\u5267\u70c8\u6ce2\u52a8\u7684\u98ce\u9669\u3002<\/li>\n<li><b><\/b><b>\u504f\u79bb\u9650\u5236\uff08<\/b><b>Deviation Constraints<\/b><b>\uff09<\/b>\uff1a\u5bf9\u6807\u8bb0\u4ef7\u683c\u4e0e\u4ef7\u683c\u6307\u6570\u4e4b\u95f4\u7684\u504f\u79bb\u5e45\u5ea6\u8bbe\u6709\u9650\u5236\uff08\u4f8b\u5982\u5546\u54c1\u5408\u7ea6 XAUUSDT \u7684\u504f\u79bb\u8303\u56f4\u4e3a \u00b13%\uff09\uff0c\u4ee5\u5728\u8fde\u7eed\u4ea4\u6613\u73af\u5883\u4e2d\u6709\u6548\u63a7\u7ba1\u98ce\u9669\u3002<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>TradFi <\/b><b>\u6c38\u7eed\u5408\u7ea6<\/b>\u53ef\u900f\u8fc7\u5e01\u5b89\u7f51\u9875\u7248\u3001\u5e94\u7528\u7a0b\u5f0f\u53ca API \u8fdb\u884c\u4ea4\u6613\u3002\u7528\u6237\u53ea\u9700\u767b\u5165\u5176\u5e01\u5b89\u5e10\u6237\uff0c\u524d\u5f80\u5e01\u5b89\u5408\u7ea6\uff0c\u5e76\u4e8e\u4ea4\u6613\u5bf9\u641c\u5bfb\u680f\u4e0b\u65b9\u627e\u5230 <strong>\u300cTradFi\u300d<\/strong>\u00a0\u5206\u9875\uff0c\u5373\u53ef\u6d4f\u89c8\u5e76\u4ea4\u6613\u53ef\u7528\u7684 TradFi \u6c38\u7eed\u5408\u7ea6\u3002<\/p>\n<hr \/>\n<p><strong>\uff08\u4ee5\u4e0a\u5185\u5bb9\u7531 \u5e01\u5b89 \u63d0\u4f9b\uff09<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u5168\u7403\u4ea4\u6613\u91cf\u53ca\u7528\u6237\u6570\u6700\u5927\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5e01\u5b89\uff08Binance\uff09\uff0c\u4eca\uff088\uff09\u65e5\u5ba3\u5e03\u6b63\u5f0f\u63a8\u51fa\u300c\u4f20\u7edf\u91d1\u878d\uff08TradFi\uff09 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":954,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=953"}],"version-history":[{"count":0,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/posts\/953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=\/wp\/v2\/media\/954"}],"wp:attachment":[{"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.manwah.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}