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Crypto.com Hires Market Maker to Trade Against Users in Sports Contracts

Crypto.com Hires Market Maker to Trade Against Users in Sports Contracts

TLDR:

  • Crypto.com launches internal quant team to trade sports contracts against platform users.
  • Market makers get a three-second head start on sports markets for faster pricing adjustments.
  • The internal team operates across US derivatives and is fully disclosed to regulators.
  • Platform aims to increase liquidity, attract external market makers, and improve trading depth.

Crypto.com is expanding its in-house trading operations by hiring a quant trader for its sports prediction market. The Singapore-based company plans to establish a market-making team to manage contracts tied to sports outcomes. 

This role will involve buying and selling financial contracts, effectively trading alongside platform users.

The move aligns…

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