Why Crypto Exchanges Should Stay True to Their Retail Roots

High-frequency trading (HFT) is prevalent in the stock market, and with volatility being suppressed by years of rising markets, it’s natural for those firms to be looking at crypto, which does not suffer from a lack of movement. The question is how crypto participants should react to this. Is it to be embraced or should we view it with caution? To examine how traditional exchanges view HFT, we need an overview of that ecosystem. For traditional exchanges, the entire customer base is institutional. If you’ve ever bought shares as an individual, it was through a member firm that intermediates the…...