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weard_beard
on April 22, 2023
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Coinbase secures Bermuda licence
They provide liquidity by internalizing orders and never bothering to acquire the underlying. Isn’t that the definition?
jcranmer
on April 22, 2023
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What you're describing is a typical aspect of brokers. Market makers provide large standing buy and sell orders so that anyone who wants to buy/sell a security at ~market price can do so.
weard_beard
on April 22, 2023
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I just described the sausage making of, “anyone who wants to buy/sell a security at ~market price can do so.”
I’m sorry you don’t like sausage.
Kranar
on April 22, 2023
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