DWF Labs executive urges market makers to join firm after Binance updates standards
The head of crypto market maker DWF Labs responded after Binance announced new guidelines for market makers, saying many firms may struggle under the updated requirements.
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Terms & Concepts
Market maker: A trading firm that provides buy and sell quotes to improve liquidity and help markets function more smoothly.
Liquidity: The ease with which an asset can be bought or sold without causing a large price change.
Token: A blockchain-based digital asset issued on an existing network, often used for payments, governance, or utility.