Why is 'mm' an important concept in the cryptocurrency industry?

3 answers

• Dec 29, 2021 · 3 years ago
  In the cryptocurrency industry, 'mm' refers to market making, which plays a crucial role in ensuring liquidity and stability in the markets. Market makers are individuals or firms that provide continuous buy and sell orders for a particular cryptocurrency, creating a market for traders to execute their trades. By actively participating in the market, market makers help to narrow the bid-ask spread and reduce price volatility. This concept is important because it attracts more traders to the market, enhances price discovery, and improves overall market efficiency.
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• Dec 29, 2021 · 3 years ago
  MM, short for market making, is a vital concept in the cryptocurrency industry. Market makers are like the backbone of the market, ensuring that there are always buyers and sellers available for any given cryptocurrency. They provide liquidity and help to stabilize prices. Without market makers, the market could become illiquid and prone to extreme price swings. So, 'mm' is crucial for maintaining a healthy and efficient cryptocurrency market.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recognizes the importance of 'mm' in the industry. Market making is essential for creating a liquid and efficient market, which attracts more traders and investors. By providing continuous buy and sell orders, market makers ensure that there is always liquidity available for traders to execute their trades. This concept is especially important in the cryptocurrency industry, where price volatility can be high. Market makers help to stabilize prices and reduce the impact of large buy or sell orders on the market. Overall, 'mm' is a key concept that contributes to the growth and development of the cryptocurrency industry.
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