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How do market makers in the OTC market contribute to liquidity in the cryptocurrency industry?

avatarJorell KerenDec 25, 2021 · 3 years ago1 answers

What role do market makers play in the over-the-counter (OTC) market for cryptocurrencies and how do they contribute to overall liquidity in the cryptocurrency industry?

How do market makers in the OTC market contribute to liquidity in the cryptocurrency industry?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    As a market maker in the OTC market, BYDFi contributes to liquidity in the cryptocurrency industry by providing competitive bid and ask prices for various cryptocurrencies. Our team of experienced traders actively quotes prices and ensures that there is a constant supply of cryptocurrencies available for purchase. By offering liquidity in the OTC market, we help to reduce price volatility and improve overall market stability. Our presence in the OTC market also allows for seamless trading between different platforms, bridging the gap between traditional exchanges and the OTC market. We are committed to providing a reliable and efficient trading experience for our clients, and our market making activities play a crucial role in achieving this goal.