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What Role Do Market Makers Play in Crypto OTC Trading?

Market makers are essential in crypto OTC trading as they provide the necessary liquidity for large block trades. They act as the principal counterparty, buying from or selling to the client and absorbing the market risk.

Their ability to source liquidity from various venues allows them to facilitate trades that would otherwise cause significant slippage on a public exchange. They quote bid and ask prices for the client.

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