Tiger Research: Judge Market Makers by Spreads and Contracts, Not Volume
- —Liquidity should be judged by spreads, order-book depth and time spent quoting both sides
- —Hidden costs: a 1,010/990 won spread means an instant loss of about 1.98% on a round trip
- —Gotbit inflated volumes from 2018 to 2024 using wash trades across multiple accounts
- —A Korean digital asset bill limits issuer market-making contracts to six months after listing
Why it matters: Clearer contracts and liquidity metrics could curb manipulation and lower trading costs for Korean investors.
Source: TokenPost
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