加密货币的市场是什么？

试图在交易所上交易加密货币可能会导致简单的操作，但要找到合适的市场参与者变得具有挑战性

In the dynamic realm of cryptocurrency trading, market participants constantly strive to locate suitable market participants at desired prices. However, at times, this endeavor might become challenging, especially during periods of low trading activity. Fortunately, market makers serve as the solution during such market conditions.

在加密货币交易的动态领域中，市场参与者不断努力以所需的价格找到合适的市场参与者。但是，有时，这项工作可能会变得具有挑战性，尤其是在交易活动低时期。幸运的是，在这种市场条件下，做市商是解决方案。

The cryptocurrency world depends heavily on crypto market making functionality for its successful operations. The market remains active through market-making because it enables quick trading between buyers and sellers at reasonable prices. The cryptocurrency market needs market makers for it to function at an average pace along with maintaining stability and predictability.

加密货币世界在很大程度上取决于加密货币市场的成功运营功能。市场通过营销保持活跃，因为它可以以合理的价格在买卖双方之间进行快速交易。加密货币市场需要做市商以平均速度运作，并保持稳定性和可预测性。

What is Market Making in Crypto?

加密货币的市场是什么？

Market making refers to the operation that delivers marketplace liquidity through continuous trades between buying and selling assets. As part of their activity in cryptocurrency, market makers establish buy and sell orders through exchange platforms to sustain trading volume across all time periods.

市场制造是指通过买卖资产之间的持续交易提供市场流动性的运营。作为加密货币活动的一部分，做市商通过交换平台建立买卖订单，以在所有时间段内维持交易量。

You need another market participant to accept your crypto trades because you placed purchase or sale orders. The market maker facilitates continuous trading by being present to purchase assets and sell assets thus boosting market liquidity and activity.

您需要另一个市场参与者来接受您的加密交易，因为您下了购买或销售订单。做市商通过出席购买资产和出售资产，从而促进市场流动性和活动来促进持续交易。

Example:

例子：

How Market Makers Work

做市商的工作方式

Market makers perform essential functions for maintaining crypto market making through the following two distinct ordering strategies:

做市商通过以下两种不同的订购策略来维持加密货币市场的基本功能：

Buy Orders (Bids): Market makers set their cryptocurrency purchasing cost through buy orders. If a market maker issues a Bitcoin purchase order at $60,000 then they confirm their readiness to purchase Bitcoin at that specific price.

买入订单（投标）：做市商通过买入订单设定了加密货币购买成本。如果做市商以60,000美元的价格发布比特币采购订单，则他们确认自己准备以该特定价格购买比特币。

Sell Orders (Asks): The active rate at which market dealers want to sell their digital currency forms a sell order. When the market maker sets the Bitcoin sell order price at $60,100 they indicate their willingness to trade the cryptocurrency.

卖出订单（询问）：市场经销商希望出售其数字货币的积极利率形成卖出订单。当做市商将比特币销售订单价格定为60,100美元时，他们表示愿意交易加密货币。

Market makers establish a continuous market by purchasing from others while selling to new parties which facilitates quicker and smoother trades between willing parties.

做市商通过向他人购买，同时向新政党销售，从而建立一个连续的市场，从而促进自愿聚会之间的更快和更平滑的交易。

A market maker’s profit comes from the price difference between what they charge buyers and what they pay sellers. This difference is known as the spread. Market makers generate their profits through this pricing mechanism:

做市商的利润来自他们收取买家的价格差异与卖方的价格差异。这种差异称为传播。做市商通过这种定价机制产生利润：

When the market maker enters buy and sell orders set at $60,000 and $60,100 they obtain a total profit of $100 after executing both transactions.

当做市商输入以60,000美元和60,100美元的价格进入买卖订单时，他们在执行两笔交易后获得了100美元的总利润。

The profits of individual transactions remain modest but market makers process substantial amounts of trades daily to gain considerable overall profits.

单个交易的利润仍然适度，但做市商每天处理大量交易，以获取可观的总体利润。

Through their adjustment of buy and sell order prices market makers maintain market stability based on current conditions.

通过调整买卖订单价格，做市商根据当前条件保持市场稳定性。

For example:

例如：

The market maker adjusts their position by elevating the buy order price to $60,400 and simultaneously increasing the sell order price to $60,600 when the Bitcoin price reaches $60,500.

做市商通过将买单价格提高到60,400美元，并同时将卖出订单价格提高到60,600美元，当时比特币价格达到60,500美元。

The continuous price adjustments from market makers produce stabilized market conditions that create predictable and less dramatic market patterns.

做市商的持续价格调整产生稳定的市场状况，从而产生可预测且较少的市场方式。

The company CLS Global along with other professionals makes use of sophisticated trading algorithms and instantaneous market data to optimize their order handling systems. Through their market-making activities, they maintain sufficient liquidity which allows buyers and sellers to quickly complete trades without significant price variations.

公司CLS Global与其他专业人员一起利用复杂的交易算法和瞬时市场数据来优化其订单处理系统。通过他们的营销活动，他们保持了足够的流动性，使买卖双方可以快速完成交易而没有大幅价格变化。

The market stability would decrease if market makers were absent since traders could not locate willing partners to execute fair-price deals. The operation of continuous buy and sell orders by market makers establishes a steady and engaged trading platform that helps internal traders as well as major crypto initiatives.

如果缺席做市商，则市场稳定性将降低，因为交易者无法找到愿意的合作伙伴执行公平价格交易。做市商的连续买卖订单的运营建立了一个稳定而参与的交易平台，可帮助内部交易者以及主要的加密计划。

How It Works in Action:

它如何在行动中起作用：

The price to execute a Bitcoin purchase stands at $60,000 while the price for a sale stands at $60,100. Buyers who transact at $60,100 obtain their profit because of the spread difference between buy and sell prices. New market conditions cause adjustments to the buy and sell orders according to price changes. The ongoing purchasing and selling activities support market stability by facilitating both trading entry and exit for other market participants.

执行比特币购买的价格为60,000美元，销售价格为60,100美元。以60,100美元的价格进行交易的买家，由于买卖价格之间的差异，因此获得了利润。新的市场条件会根据价格变化对买卖进行调整。正在进行的采购和销售活动通过促进其他市场参与者的交易进入和退出来支持市场稳定。

Why Market Making is Important for Crypto Markets

为什么市场制造对于加密市场很重要

The crypto market demonstrates extreme price fluctuations which create major market volatility during brief periods. Market makers perform a critical function that stabilizes market volatility in order to support smooth trading procedures.

加密市场表现出极端的价格波动，这在短时间内会导致主要市场波动。做市商执行关键功能，以稳定市场波动，以支持平稳的交易程序。

1. Improves Liquidity

1。提高流动性

The ease of trading an asset determines its liquidity since market participants need to buy or sell it without price fluctuations. Through continuous placement of both buy and sell orders market makers act as liquidity providers thus making sure every trade has a matching counterparty.

交易资产的便利性决定了其流动性，因为市场参与者需要购买或出售它而不会产生价格的波动。通过连续放置买卖订单，做市商作为流动性提供者，从而确保每个贸易都有匹配的对手。

2. Reduces Price Gaps

2。减少价格差距

The presence of market makers prevents the market from developing an extensive price gap that exists between top buy orders and bottom sell orders. Through their activities market makers minimize price gaps which makes market rates more predictable.

做市商的存在阻止市场产生巨大的价格差距，而这种差距和最低销售订单之间存在。通过他们的活动，做市商最大程度地减少了价格差距，从而使市场价格更具可预测性。

3. Encourages Trading Activity

3。鼓励交易活动

Market participants will increase trading activity if they observe strong market liquidity which in turn drives overall market growth.

如果市场参与者观察到强劲的市场流动性，他们将增加交易活动，从而推动总体市场增长。

4. Minimizes Slippage

4。最小化滑移

The actual trade execution price deviates from the predicted price point during slippage occurrences. Market makers decrease slippage through their operation of maintaining multiple orders at distinct price levels so trades can receive more precise fillings.

实际的贸易执行价格偏离了滑倒事件中预测的价格点。做市商通过将多个订单保持在不同的价格水平的操作来减少滑倒，因此交易可以收到更精确的填充物。

5. Enhances Market Efficiency

5。提高市场效率

Market makers actively discover prices through their continuous updating system of both buying and selling orders based on existing market conditions. Prices show genuine asset value

做市商通过基于现有市场条件的持续更新系统的持续更新系统来积极发现价格。价格显示真正的资产价值