Market Makers in your opinion?
Market Makers in your opinion?
Who are market makers? Do you have to be a billionaire to be considered as a MM?
Once you use a limit order when buying or selling a certain trading pair, you become a market marker in that particular trading pair. So any trader can do that so long as the order size is above the minimum limit. Some exchanges have a minimum of 10 USDT, others have a minimum order size limit of 5 USDT. So it also depends on an exchange.
You do not have to be rich before you can be a market maker. You can either be a market taker or market maker while trading.
Market takers are those that their orders are filled immediately which can be as a result of using market order or buying at a higher price or selling at a lower price.
Market makers are those that their orders are filled not immediately but it can take some seconds or some minutes or days until the the price they set is reached. Market makers use limit order and set the price lower for buying order or set price higher for selling so that the order is not filled immediately but until the price is reached.