The year 2022 will be remembered as one of the most turbulent years in the world of cryptocurrencies, culminating in the shocking bankruptcy of FTX, one of the largest crypto exchanges that spilled over other large crypto firms.
Our guest Anton Golub is a financial analyst, an expert in blockchain and cryptocurrency markets who was the (co)founder of multiple successful companies, including flovtec, a Swiss market maker for digital assets, Trust Square AG, a pre-eminent blockchain technology hub located in Zurich’s financial district and Lykke Corp, a semi-decentralized exchange to trade crypto assets with zero fees.
Anton gave us a unique behind-the-scenes look into the way crypto exchanges operate and their close but dangerous cooperation with market makers, companies that provide liquidity on the market. What are market makers and what do they have to do with crypto exchanges, why their current cooperation model is a conflict of interest that puts exchange users at a disadvantage, and how exactly that model led to the collapse of FTX, are only some of the topics we discussed with our guest.
How do crypto exchanges work?
What does liquidity mean on the stock exchanges and why is it crucial for their business?
What do market maker companies do and why could stock exchanges not operate without them?
What is the shadow debt market and how risky behavior in that market led to the downfall of FTX and Alameda research
How can investors protect themselves from the risks associated with investing in the crypto market?
In cooperation with Podcast Studio Hrvatska.