What is MM in cryptocurrency trading?

3 answers

• Dec 26, 2021 · 3 years ago
  MM stands for Market Maker in cryptocurrency trading. Market makers are individuals or firms that provide liquidity to the market by buying and selling assets. They do this by placing limit orders on both the buy and sell sides of the order book. Market makers profit from the spread between the buy and sell prices. Their presence helps to ensure that there is always someone willing to buy or sell an asset, which improves market efficiency and reduces price volatility. Market makers play a crucial role in facilitating trading activities and maintaining market liquidity.
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• Dec 26, 2021 · 3 years ago
  In cryptocurrency trading, MM refers to Market Maker. Market makers are like middlemen who create a market for a particular cryptocurrency. They provide liquidity by constantly buying and selling the cryptocurrency at different prices. This helps to ensure that there is always a buyer or seller available in the market. Market makers make money by profiting from the spread between the buy and sell prices. They help to stabilize the market and reduce price fluctuations. Without market makers, it would be difficult to trade cryptocurrencies efficiently.
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• Dec 26, 2021 · 3 years ago
  MM, which stands for Market Maker, is an important role in cryptocurrency trading. Market makers are individuals or firms that provide liquidity to the market by constantly quoting both buy and sell prices for a particular cryptocurrency. They aim to profit from the spread between the bid and ask prices. Market makers help to ensure that there is always a market for a cryptocurrency, making it easier for traders to buy or sell. They play a crucial role in maintaining market stability and reducing price volatility. At BYDFi, we have a team of experienced market makers who help to ensure a liquid market for our users.
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