market maker


Markets

Movement's MOVE Token Soars 25% as Strategic Reserve Is Unveiled After Malicious Market Maker Activity

The market is reacting positively to Movement's pledge to do a $38 million token buyback to create a Movement Strategic Reserve.

Movement Labs co-founders Cooper Scanlon and Rushi Manche (Movement Labs)

Finance

Citadel Plans Crypto Market-Making Business: Bloomberg

The company had previously been wary, but the friendlier U.S. regulatory outlook has that stance.

FastNews (CoinDesk)

Policy

It Takes a Fake Token to Catch a Volume Faker

Last week, the DOJ unveiled an indictment against Gotbit, which CoinDesk profiled in 2019.

NexFundAI's site, before it was taken down (FBI)

Policy

SEC Sues Crypto Market Maker Cumberland DRW

The regulator alleged the company "bought and sold" crypto assets that were sold as securities, but did not register as a securities dealer.

SEC headquarters in Washington, D.C. (Nikhilesh De/CoinDesk)

Markets

SocGen to Introduce EURCV Stablecoin, Picks Flowdesk as Market Maker

The stablecoin, EUR CoinVertible, isn't the first based on the euro, but it does have the backing of Societe Generale, a major European financial institution.

EU considers digital euro (Immo Wegmann/Unsplash)

Finance

Market Makers Jane Street, Jump Retreating From U.S. Crypto Trading: Bloomberg

The move comes as U.S. regulatory scrutiny of the crypto industry has intensified, Bloomberg reported.

(Mark Van Scyoc/Shutterstock)

Finance

Crypto Market Maker DWF Labs’ More Than $200M in Deals Blur What ‘Investing’ Means

DWF Labs made headlines with flurry of investments in crypto projects such as CryptoGPT or Synthetix. A closer examination reveals that many of their deals aren’t typical venture capital investments. However, the firm says it’s all a misunderstanding.

Andrei Grachev of DWF Labs (LinkedIn, modified by CoinDesk)

Finance

Crypto-Focused Menai Financial Group Shuttering Market-Making Business in London and Tokyo

The firm said it continues to invest in and expand its asset-management business.

(Alexander Spatari/GettyImages)

Finance

Market Maker DWF Labs Emerges as Top Crypto Investor

DWF Labs Managing Partner Andrei Grachev discussed the firm’s investment strategy and continuing risks for the industry.

DWF Labs managing partner Andrei Grachev (LinkedIn)

Finance

Trading Platform Talos Adds Crypto Market Liquidity in Tie-Up With Keyrock

The agreement with the Belgian market maker is part of Talos' expansion into Europe.

(Wichudapa/Shutterstock)

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