DailyNews
vip

PANews news on June 19, according to the Financial Times, according to five sources, the Singapore encryption exchange Crypto.com has a proprietary trading and market-making team that conducts token transactions for profit. Crypto.com executives issued sworn statements to other outside trading firms that "Crypto.com does not engage in trading" and that its employees were asked to "say that there are no internal market maker-type operations," but the exchange's own The only goal of the camp deal team is to "make money not facilitate deals".


Crypto.com responded by saying: “Employees are not asked to lie to other market participants. We have an in-house market maker that operates on the Crypto.com exchange that is treated the same as third-party market makers Exactly the same, they likewise facilitate low spreads and efficient markets on our platform. This is not a controversial practice. Crypto.com is the client's counterparty and operates on a broker model. Therefore, Crypto.com trades The team ensures that Crypto.com is risk-neutral by hedging these positions on multiple venues, including the Crypto.com Exchange. Participants on the platform, including market makers, are treated equally. The company does not rely on proprietary trading as a source of income."
It is reported that in most markets, the exchange matches buyers with sellers at the most competitive and transparent prices. Market makers and proprietary trading are usually conducted by independent private companies.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)