🔥 Are you familiar with market makers in cryptocurrency? 🐳 $BTC $ETH $XRP



🔥 Cryptocurrency market makers are entities (which can be companies or trading algorithms) that provide liquidity within trading platforms, ensuring a continuous supply of buy and sell orders to prevent traders from experiencing trading difficulties or price gaps.

🔥 What is the role of market makers?

🐳 They continuously place sufficient buy and sell orders.

🐳 They narrow the spread between buy and sell prices on the platform.

🐳 They help stabilize price trends and prevent sharp price fluctuations.

🐳 They assist traders in executing orders quickly and reduce slippage.

🔥 Why are market makers important?

Without market makers, the liquidity of trading platforms would decrease, making it difficult for traders (especially with small-cap coins) to enter and exit positions, which would affect the overall trading experience.
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CryptoProfvip
· 12-13 21:08
Hold tight to 💪
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CryptoProfvip
· 12-13 21:08
Bullish market at its peak 🐂
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