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What criteria are used to select primary dealers for cryptocurrency exchanges?

KEVIN ESTEBAN RAMIREZ OSORIOJun 21, 2023 · 2 years ago1 answers

What factors are considered when selecting primary dealers for cryptocurrency exchanges? How do cryptocurrency exchanges determine which dealers to work with?

1 answers

  • Cowan SchmidtSep 25, 2023 · 2 years ago
    At BYDFi, we follow a rigorous selection process to choose primary dealers for our cryptocurrency exchange. We consider factors such as the dealer's reputation, trading volume, liquidity, compliance with regulatory requirements, and ability to provide competitive pricing and execution. We also evaluate the dealer's technological capabilities, customer support, and overall financial stability. By carefully assessing these criteria, we ensure that we partner with reputable and reliable primary dealers who can provide our users with a secure and efficient trading environment.

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