Market making consists in providing liquidity on a defined cryptocurrency by submitting both bid and ask limit orders on a crypto exchange. Market makers make profit by collecting the bid-ask spread over multiple trades. A fast and stable technology and proper risk management are essential to make markets succesfully.
Whilst providing adequate liquidity for our investors was always seen as a priority, market making mandates carry significant costs. It is therefore solely for prerogatives related to financial resource management that the decision was taken to delay such costs until absolutely necessary.
After careful consideration, we are pleased to announce the engagement, this week, of Brussels-based Keyrock as provider of VLD market making services on Bitfinex.
While the rest of the world began to get swept up in ICO rush, Keyrock’s Founders Juan David, Jeremy, and Kevin realized that the vision of a democratized financial system through tokenization could only be achieved when access to liquidity would be provided to everybody. With the lofty vision of democratized liquidity, Keyrock began focusing on designing, from the ground up, the technology necessary to provide swift, scalable liquidity to its clients which now counts VETRI.
