Are there any specific requirements or qualifications to become a crypto market maker?

3 answers

• Dec 26, 2021 · 3 years ago
  Becoming a crypto market maker requires a deep understanding of the cryptocurrency market and trading strategies. It is important to have a strong knowledge of different cryptocurrencies, their underlying technology, and market trends. Additionally, having experience in trading and risk management is crucial. Some exchanges may also require a certain level of trading volume or capital to become a market maker. Overall, a combination of technical knowledge, trading experience, and financial resources is essential to become a successful crypto market maker.
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• Dec 26, 2021 · 3 years ago
  To become a crypto market maker, there are no specific educational qualifications or certifications required. However, having a background in finance, economics, or computer science can be beneficial. It is also important to stay updated with the latest news and developments in the cryptocurrency industry. Building a network within the industry and gaining practical experience through trading can also help in becoming a market maker.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we have specific requirements for individuals who want to become market makers on our platform. These requirements include a minimum trading volume of $1 million per month and a minimum capital requirement of $100,000. Market makers should also have a proven track record of successful trading and risk management. Additionally, they need to comply with our KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. Meeting these requirements ensures that our market makers are qualified and capable of providing liquidity to our platform.
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