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The way I saw it, he was condemning bitcoin in general, not market making on bitcoin specifically. Even clearing has risk - admittedly not market risk, but sig
by osrec 9y ago
The way I saw it, he was condemning bitcoin in general, not market making on bitcoin specifically. Even clearing has risk - admittedly not market risk, but significant amounts of credit risk (that's why people pay for it).
- cm2187 9y agoHe said he didn't believe in it and wouldn't allow his traders to trade it (i.e. to make a market). But passing client orders is a different matter.