AirSwap and Novogratz Partner to Provide Liquidity on Decentralized Exchanges
https://blog.airswap.io/airswap-and-novogratz-partner-to-provide-liquidity-on-decentralized-exchanges-d16518b440ddWe’re creating a platform for market makers, and working with Michael Novogratz and Galaxy to provide liquidity to decentralized exchanges.
I spent a quarter of my life as a partner at Virtu Financial, one of the premier algorithmic market makers in the world that also went public for $2.5b during my tenure. As an electronic market maker in a time of technological revolution, we saw computers de-facto replace human traders on Wall Street.
A market maker is a party that provides bids and asks in a given instrument at all times, and forms what is called the bid-ask spread. They are willing to buy and sell an asset at all times, and their buy and sell prices are reflected on a given exchange.
Throughout the last month, I have worked on the trade floor at Novo’s new cryptofund, Galaxy. Together with Galaxy I have helped frame how a liquidity provider will behave and operate on AirSwap and other decentralized exchanges.
What does it take to be a liquidity provider?
Technology
Experience (know-how)
Balance sheet / risk tolerance...........