When some exchanges invest 100s of thousands USD(t) per month to pay for market makers to stay within 5bps spread and have dust fees, the real question is: if they are profitable or anyway break-evening, what's the business model behind the scenes? Fascinating...
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BitMex pays it’s customers maker fees. Robinhood trading is free. Major institutional investors are being paid for flow in equities. New bz models have emerged. TBF - 20bp fees on BitFinex are > average. My advice? Make your trading in futures for free - boosts trades in Alts.
Market Maker incentives are one thing (ie. rebates for liquidity providers). We offer that as well. Different thing is to pay lot of MM to hit each other 
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agree with that - wash trading therefore forbidden on most regulated equity exchanges - still happens a lot in FOREX. I would support idea to have crypto exchanges audited purely on subject of wash trading voluntarily - and get certified. Question is by which entity?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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So DMMs and the payment there of there in are fine.. youre compensating then for liquidity and staying within a defined range and in market regardless of the current conditions. As long as their are published rules and expectations of those MMs. Binance US for example has a /1
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Borrowed from normal markets but standard set of rules published. I think you're more refering to washing and volume numbers here though
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