4min chapter

Flirting with Models cover image

Macrocephalopod - Managing a Mid-Frequency Crypto Prop Desk (S6E5)

Flirting with Models

CHAPTER

How to Trade on Crypto Exchanges

There are hundreds of crypto exchanges, and really maybe only 10 or so with decent volumes where an institution would feel comfortable trading. Even for a top tier, gold plated crypto exchange, there's a chance that something bad is going to happen at some point in the next five years. So you have to mitigate this as best you can, you can never fully remove this risk. And then yeah, the other dimension of this is the very large number of line items that accumulate in your work - especially if you're running some kind of systematic strategy"

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