Compendium Finance Strategic Partnership With Alameda Research
Compendium Finance is a compendium of useful tools and gadgets to help make life in the crypto markets, metaverse, and Web3 simpler is thrilled to announce its strategic partnership with Alameda Research.
This partnership with Alameda Research will help ensure efficient secondary trading markets for their native $CMFI token through token liquidity and market-making strategies.
Founded in 2017, Alameda Research is a leading principal trading firm. That has significantly contributed to the industry with their internally developed technology and their team’s deep crypto expertise to trade digital asset products.
Since 2017, Alameda Research has relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets.
Why does Compendium Finance require a market maker or liquidity provider?
Market Makers play an important role in increasing the accessibility and liquidity of cryptocurrencies to traders, investors, and market participants globally in real-time. Market making is an activity whereby a trader simultaneously provides liquidity to both buyers and sellers. Liquidity is the degree to which an asset can be quickly bought or sold without significantly affecting the price stability.
Markets that have low liquidity will generally have wide bid-ask spreads in their order books that can increase the volatility, therefore rendering it more difficult for traders to get a fair price for their trade. Also, the overall liquidity of a market greatly influences its growth as it allows more orderly entry and exit points for traders and dramatically reduces slippage.
What does this mean for Compendium Finance?
Working with market-leading service providers like Alameda Research helps top-tier exchanges welcome the potential listing $CMFI.
Their philosophy is to not just list $CMFI on an exchange but to create a synergetic relationship with leading exchanges by offering a comprehensive suite of automated and algorithmic trading tools for their users.
About Compendium Finance?
The Compendium.Fi platform is built to offer traders a comprehensive suite of tools for a list of growing ecosystems. Their consumer-facing application is split into two separate entities. One side of their tooling focuses on integrations with popular and liquid centralized exchanges, while the other side focuses on improving the on-chain trading offerings of decentralized protocols built on Solana (with more chains to come shortly).
⏩ SOURCE
