The Complications of Power Outages on the Electronic Trading Market

The power outage in Spain, Portugal, and southern France

today at around 10:30 GMT affected large areas, causing paralysis. Although power is gradually returning, the continued outages in most affected areas will inevitably negatively impact the electronic currency market due to the intermittent failure of mobile networks and the lack of internet flow, which is the main artery through which financial transactions occur on platforms.

Therefore, caution should be exercised when conducting financial exchanges temporarily with the affected areas to avoid paralysis in completing transactions, and it is not unlikely that there will be a certain impact on the value of some currencies traded in the markets as a result of this outage.