At #Binance, the largest cryptocurrency exchange by trading volume, a compensation program for investor clients of two altcoins was announced after an internal fraud by a market maker was revealed.
Market makers are the actors responsible for providing volume and liquidity for investors' trades on platforms. In the #cryptocurrency market, it is common for them to profit from this practice, which is not illegal.
Thus, the main benefit of market maker operations is the reduction of volatility in the price of cryptocurrencies and bitcoin, maintaining active buy and sell orders in the book.
Source Livecoins site
