What does MM mean in cryptocurrency?

3 answers

• imaneMay 24, 2021 · 4 years ago
  MM in cryptocurrency refers to Market Maker. Market Makers are individuals or entities that provide liquidity to the market by placing both buy and sell orders for a particular cryptocurrency. They help maintain a stable market by ensuring there are always buyers and sellers available. Market Makers make money through the spread, which is the difference between the buy and sell prices. They play a crucial role in ensuring smooth trading operations and reducing price volatility.
  482

  241
• SinhaNov 15, 2023 · 2 years ago
  MM stands for Market Maker in cryptocurrency. Market Makers are like the middlemen of the cryptocurrency market. They provide liquidity by constantly placing buy and sell orders for a specific cryptocurrency. This helps ensure that there is always someone willing to buy or sell the cryptocurrency, which in turn reduces price fluctuations. Market Makers make money by profiting from the spread, which is the difference between the buy and sell prices. Their presence is essential for maintaining a healthy and active market.
  525

  175
• Adam HitchmoughMay 05, 2024 · 2 years ago
  In the world of cryptocurrency, MM stands for Market Maker. Market Makers are entities that facilitate trading by providing liquidity to the market. They do this by continuously placing buy and sell orders for a specific cryptocurrency. This helps ensure that there is always a market available for traders to buy or sell their coins. Market Makers make money through the spread, which is the difference between the buy and sell prices. They play a crucial role in maintaining a liquid and efficient market.
  507

  127