Bitcoin Forum

Economy => Exchanges => Topic started by: ZergShadow on February 17, 2018, 10:09:40 AM



Title: market makers who is this?
Post by: ZergShadow on February 17, 2018, 10:09:40 AM
https://hitbtc.com/mm market makers who is this?


Title: Re: market makers who is this?
Post by: ZergShadow on February 18, 2018, 05:27:00 AM
up


Title: Re: market makers who is this?
Post by: Filix on February 18, 2018, 12:39:17 PM
In general a market maker is someone who adds to the market volume, so if you place an order thats not directly filled, you increase the volume and are a maker. if you place an order, thats instantly matched by a listed order in the orderbook, you take volume from the market and you are a taker.


Title: Re: market makers who is this?
Post by: ZergShadow on February 18, 2018, 03:20:14 PM
what this service on hitbtc do i cant understand?


Title: Re: market makers who is this?
Post by: richardsNY on February 18, 2018, 06:53:26 PM
what this service on hitbtc do i cant understand?

It's an optional service for whales that will allow them to get 'rewarded' for.... being a whale, while Hitbtc makes its markets more liquid due to these contracts, which will attract more traders this way, and thus more potential fee income. Hitbtc makes it seem like they offer whales a great platform and deal, while in reality Hitbtc is the only party actually getting the most out of these contracts -- too many restrictions for a whale. On top of that, no serious trader will ever trust them with a reasonable amount of coins. It's nothing more than a desperate attempt to make themselves look professional....