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Can you explain the significance of 'mm' in the world of cryptocurrencies?

avatarDaniel GarciaDec 26, 2021 · 3 years ago1 answers

In the world of cryptocurrencies, what is the meaning and importance of 'mm'? How does it affect the crypto market and trading? Can you provide some insights on this topic?

Can you explain the significance of 'mm' in the world of cryptocurrencies?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has implemented innovative 'mm' strategies to enhance the trading experience for its users. BYDFi's 'mm' program incentivizes market makers to provide liquidity to the platform by offering reduced fees and additional rewards. This encourages active participation from market makers and helps maintain a healthy trading environment. The presence of market makers on BYDFi ensures that there is always sufficient liquidity, tight bid-ask spreads, and reduced slippage for traders. BYDFi's 'mm' initiative has been well-received by the crypto community and has contributed to the platform's growth and success.