What is the meaning of 'mm' in the context of cryptocurrency?

3 answers

• Esteban VMFeb 27, 2024 · 2 years ago
  In the context of cryptocurrency, 'mm' refers to market making. Market makers are individuals or firms that provide liquidity to the market by buying and selling assets. They do this by placing limit orders on both the buy and sell side of the order book. Market makers play a crucial role in ensuring that there is enough liquidity for traders to buy and sell assets at any given time. By actively participating in the market, market makers help to narrow the bid-ask spread and reduce price volatility. This ultimately benefits traders and contributes to the overall efficiency of the market.
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• Omid SarabadaniApr 15, 2023 · 3 years ago
  When it comes to cryptocurrency, 'mm' is short for market manipulation. Market manipulation refers to the act of artificially inflating or deflating the price of a cryptocurrency for personal gain. This can be done through various techniques such as spreading false information, creating fake trading volume, or executing large buy or sell orders to manipulate the market. Market manipulation is illegal and unethical, and it undermines the integrity of the cryptocurrency market. It is important for traders and investors to be aware of the risks associated with market manipulation and to exercise caution when making investment decisions.
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• Anirudh ShettyMay 25, 2024 · a year ago
  In the context of cryptocurrency, 'mm' stands for multi-signature wallets. Multi-signature wallets are a type of cryptocurrency wallet that require multiple signatures to authorize a transaction. This adds an extra layer of security as it prevents a single individual from having full control over the funds. Multi-signature wallets are commonly used by cryptocurrency exchanges and other platforms that hold a large amount of funds. By requiring multiple signatures, the risk of unauthorized transactions or theft is significantly reduced. This is especially important in the cryptocurrency industry, where security is a top priority.
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