An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Market Maker
What are Crypto Market Makers?
A market maker in the cryptocurrency market is a trader or a firm that provides liquidity to the market by placing both buy and sell orders on a trading platform. This allows other traders to buy and sell at a consistent price, even when there is little trading activity in the market. Market makers help to reduce volatility and make it easier for traders to execute trades at the desired prices. An example of a practical application of a crypto…
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