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

1 answers

• Dec 27, 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.
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