Sunday, August 10, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

Bloomberg: FTX Bankruptcy Triggers 30% Profit Margin Drop for Crypto Market Makers

September 5, 2023
in Blockchain
Reading Time: 2 mins read
A A
0

[ad_1]

In response to Bloomberg’s report dated September 5, 2023, liquidity suppliers Auros, GSR Markets Ltd., and Wintermute Buying and selling Ltd. have disclosed that the chapter of the FTX alternate has led to a 30% discount in revenue margins for crypto market makers. “The FTX debacle was a wake-up name for the trade,” commented Le Shi, head of commerce at Auros.

Within the wake of the FTX chapter, market makers are re-evaluating their threat profiles and are suggested to diversify their operations and retailer their digital property away from buying and selling platforms. Auros additional elaborated that utilizing middleman providers for collateral storage contributes to a 20%-30% decline in profitability, in comparison with leveraging cash immediately on a buying and selling web site.

Meng Hwee Neo, managing director of buying and selling and Singapore co-head at GSR Markets, informed Bloomberg that market makers are more and more specializing in Bitcoin and Ether in a “flight to high quality” technique. Whereas this shift could end in slimmer revenue margins, it presents larger quantity and enterprise alternatives.

CCData statistics, as cited by Bloomberg, reveal that month-to-month spot buying and selling volumes on centralized crypto exchanges have plummeted 74%, dropping to $445 billion in August 2023 from $1.1 trillion in January 2022.

Market-making companies like Jane Road Group and Bounce Crypto are retreating from the digital asset market as a result of low buying and selling volumes, elevated volatility, and heightened U.S. regulatory scrutiny on exchanges comparable to Binance Holdings Ltd. and Coinbase International Inc.

 The repercussions of FTX’s insolvency prolong past market makers to embody practically all entities within the crypto sector. BlockFi’s CEO, whose firm additionally went bankrupt, beforehand admitted to disregarding recommendation from their threat administration specialists on lending property to Alameda Analysis and FTX.

Picture supply: Shutterstock

[ad_2]

Source link

Tags: BankruptcyBloombergCryptoDropFTXMakersMarginmarketProfitTriggers
Previous Post

BTC Primed to Skyrocket Past $27,000, Analysts Weigh In

Next Post

Bitcoin Price Plateaus Around $25,000 as New Crypto Bitcoin BSC Debuts With Stake-to-Earn Rewards

Next Post
Bitcoin Price Plateaus Around $25,000 as New Crypto Bitcoin BSC Debuts With Stake-to-Earn Rewards

Bitcoin Price Plateaus Around $25,000 as New Crypto Bitcoin BSC Debuts With Stake-to-Earn Rewards

Upcoming New York exhibition on women artists will present Komal Shah and Gaurav Garg’s collection to the public for the first time

Upcoming New York exhibition on women artists will present Komal Shah and Gaurav Garg’s collection to the public for the first time

SHEPE Steals the Show, Eyeing 80% Gains

SHEPE Steals the Show, Eyeing 80% Gains

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

s