This lesson covers market making, the business of continuously quoting both a buy and a sell price and earning the spread between them, and how it works in crypto specifically. Market making is the same trade in every market, but crypto’s 24/7, fragmented, multi-venue structure reshapes it: latency races across exchanges, cross-exchange arbitrage, and the on-chain twist of MEV. We build the role from an everyday currency booth, put numbers on spread capture and the inventory risk that eats into it, then layer on what is unique to crypto. This maps the classic equities and options market-making intuition that a desk already values onto the crypto context.
Table of Contents
Start Your Interview Preparations!
Already have an account? Log in!