Hacker News new | past | comments | ask | show | jobs | submit login

Those are just called "market makers". As a market maker you might be exposed to the risk of always ending up on the wrong side of the market over a longer time. For example if BTC is generally moving up, market makers might eventually have sold all their BTC and end up with USD. Sophisticated market makers will thus try to maintain a neutral position to avoid that risk. Some exchanges will even offer market makers a fee rebate to encourage parties to become market makers.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: