Why are stock market makers important for cryptocurrency exchanges?

1 answers

• May 08, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of stock market makers for the smooth functioning of the market. Stock market makers provide liquidity to the market by constantly buying and selling cryptocurrencies, ensuring that there is always a buyer or seller available for any given asset. This helps to prevent large price swings and ensures that traders can buy or sell their assets at fair prices. Additionally, stock market makers help to narrow the bid-ask spread, reducing trading costs for traders. BYDFi works closely with stock market makers to ensure that the market remains liquid and efficient, providing a seamless trading experience for its users.
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