Podknife - Part 2: He's Responsible For 0.5% of All Crypto Exchange Volume ($1 Billion Per Month) w/ Ed Tolson from kbit (Ep. 0050) by Flippening

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Part 2: He's Responsible For 0.5% of All Crypto Exchange Volume ($1 Billion Per Month) w/ Ed Tolson from kbit (Ep. 0050)

Podcast |: Flippening - For Crypto Investors
Publisher |: Clay Collins
Media Type |: audio
Podknife tags |: Bitcoin,; Business,; Cryptocurrency,; Investing,; Technology
Categories Via RSS |: Business,; Investing
Publication Date |: Jul 15, 2019
Episode Duration |: 00:43:21

Welcome to the second and final installment of our deep dive on high-frequency cryptoasset trading. Once again, I'm joined by Ed Tolson, founder of kbit. Kbit is a high-frequency trading firm that's responsible for about 0.5% of daily total crypto exchange volume. For example, in May of 2019, kbit did just shy of $1 billion of total volume. This two-part deep dive is broken up into five chapters: - Chapter One: What high-frequency trading is- Chapter Two: What high-frequency traders actually do as well as the categories of high-frequency trading that exist in cryptoland- Chapter Three: Data, fake volume, and toxic activity on exchanges- Chapter Four: How kbit operates- Chapter Five: What the future of high-frequency trading might look like

In the previous episode (#0049), we explored chapters one and two. In this episode, we conclude the conversation by covering chapters three through five. We discuss:

How exchanges outsource wash trading
What "classic crypto wash trading" looks like
Types of data that are most useful to high-frequency traders
When it’s necessary to manually execute a trade
What business development looks like between market makers and exchanges
The two biggest pain points that market makers have with exchanges
Maker-taker fee schedules
How latency impacts high-frequency cryptoasset traders
How kbit plans to enter the OTC space
Where Ed goes for industry information

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