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No wonder. The last tweets from SBF has been lies. In particular he's stated that Alameda Research would stop trading on FTX. This is glossing over the fact tha
by kebman 4y ago
No wonder. The last tweets from SBF has been lies. In particular he's stated that Alameda Research would stop trading on FTX. This is glossing over the fact that Alameda Research is a major liquidity provider for FTX, meaning that if they stop trading there, there will be no party to take the other side of trades anymore. With a completely illiquid exchange, trading becomes all but impossible and you risk extreme slippage as a consequence of it.
- VHRanger 4y agoI think he meant theyd stop trading but keep market making Or he just lied yeah
- ycombobreaker 4y agoThe head of an exchange would know that "Market Making" is a subset of "Trading".
- TheLastChemist 4y agoThe head of an exchange would also know the difference between "my money" and "customer money", or so you would have hoped.