Flippening - For Cryptocurrency Investors (bitcoin, Ethereum, And Cryptoasset Investing)
Part 2: He's Responsible For 0.5% of All Crypto Exchange Volume ($1 Billion Per Month) w/ Ed Tolson from kbit (Ep. 0050)
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:43:21
- More information
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Synopsis
Welcome to the second and final installment of our deep dive on high-frequency cryptoasset trading. Once again, I'm joined by Ed Tolson, founder of kbit. Kbit is a high-frequency trading firm that's responsible for about 0.5% of daily total crypto exchange volume. For example, in May of 2019, kbit did just shy of $1 billion of total volume. This two-part deep dive is broken up into five chapters: - Chapter One: What high-frequency trading is- Chapter Two: What high-frequency traders actually do as well as the categories of high-frequency trading that exist in cryptoland- Chapter Three: Data, fake volume, and toxic activity on exchanges- Chapter Four: How kbit operates- Chapter Five: What the future of high-frequency trading might look like In the previous episode (#0049), we explored chapters one and two. In this episode, we conclude the conversation by covering chapters three through five. We discuss: How exchanges outsource wash trading Wha