What Is Market Making in Crypto and Why Startups Need It? Interview with Gotbit Market Maker
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 Published On May 30, 2022

Every startup founder in crypto and web3 sector heard about market makers, but only very few understand what is market making and why is it so important.

Gotbit is a professional crypto market maker for DEXs and CEXs, that works with many startups and deserved a good reputation among founders. That is why we decided to invite them for an interview on InnMind and clarify all the aspects of the market making activities, strategies and insights.

Chapters:
00:00 Interview with Gotbit Market Maker
01:30 How to compare different market makers in crypto?
04:07 What is market making in crypto and why is it so important?
07:01 Is market making the same as market manipulations?
08:26 Why market makers avoid publicity?
09:50 How to choose a good market maker for crypto startup?
15:08 When crypto startups should start looking for a market maker?
18:55 What liquidity should be reserved for market making in the token economy, is there a golden rule or standard?
21:58 How Gotbit selects clients?
24:26 Red flags you should pay attention to while choosing the market maker.
29:31 Market making strategies for the bear market
35:18 Why the price of tokens of the majority of crypto projects fails down on bear market?
37:38 Why centralized exchanges are dumping tokens?
38:35 Why startups' token price should not go down below the IDO price?
44:00 Typical mistakes in crypto market making

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đź”— Useful Links from Gotbit Market Maker:
Website: Gotbit.io
Twitter: @gotbit_io
Email: [email protected]
Telegram contacts: @qawiJLL @aaandryunin @marki_st
Contact Gotbit on InnMind: https://app.innmind.com/viewServicePr...

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#crypto #market #startup #web3

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