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…
