News for hackers. Stuff that matters.

A comment on Federal Court Orders BitMEX to Pay $100M over Illegal Crypto Trading. Parent comment

Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by secondaryacct on Tuesday August 10, 2021 @10:04PM (#28137089)
You're the definition of a parasite scalping cents on the market providing no utility. That s fine and legal, but why would we, the people represented by the elected government, care for your edge case when tons of people are being exploited by these ?
[ Parent | on HN ]
Re:Federal Court Orders BitMEX to Pay $100M over Illegal Cry... by arthurcolle on Tuesday August 10, 2021 @10:06PM (#28137111)
You don't understand market structure. Market making provides liquidity which is literally required to have efficient markets. I don't know enough about how his bot operates but if he is a maker of liquidity then he is providing a useful function. Please don't spread FUD and fake news if you don't understand market microstructure.

Thanks.

[ Parent | on HN ]