“Crypto liquidity is dominated by just a handful of trading firms, including Wintermute, Amber Group, B2C2, Genesis, Cumberland, and (the now-defunct) Alameda. With the loss of one of the largest market makers, we can expect a significant drop in liquidity, which we will call the “Alameda Gap,” Kaiko wrote in a November briefing note.
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Why crypto?
Cryptocurrencies are becoming increasingly popular due to the transparency, security, and speed that they offer. Transactions made using cryptocurrencies are secured and...