martin ↑
@martin
maybe a stupid question but.. who provided initial liquidity of BTC to exchanges ?
4 replies
0 recast
5 reactions
TheModestThief🎩
@thief
They bought a bunch and did market making themselves? Or worked with a MM who bought a bunch?
1 reply
0 recast
0 reaction
Ryan J. Shaw
@rjs
Investors, same as any business
1 reply
0 recast
0 reaction
ezra
@ezra-labs
I’m more curious with how early days btc buys provided liquidity for btc itself, or where first lp came from, etc. This is also maybe an uneducated question, but clearly it was done very differently than today’s standard.
0 reply
0 recast
1 reaction
fraan
@ufolud
why would you need someone to provide liquidity? it was just a super simple order book in the beginning
0 reply
0 recast
0 reaction
