Liquidity, like access to venture capital, is always available to anyone who doesn’t need it. In public markets, liquidity is changing. We used to have a market made up of agency traders and investors setting the prices at which they would take personal risk to buy or sell, creating friction along the order book.
Interesting post, Phil. You may be interested in the paper that my colleague and I are just finishing now, "A Price-Independent Measure of Cryptocurrency Trustworthiness." One of the components is, in fact, vol.
Interesting post, Phil. You may be interested in the paper that my colleague and I are just finishing now, "A Price-Independent Measure of Cryptocurrency Trustworthiness." One of the components is, in fact, vol.
More please!