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Citadel and trading

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by COINS NEWS 5 Views

https://www.theblock.co/amp/post/343075/ken-griffin-says-citadel-could-enter-as-market-maker-on-exchanges-like-coinbase-pushes-trump-for-regulatory-clarity

A major warning to all of you who trade crypto: never ever trade crypto through Citadel. These guys use state of the art computers and faster networks than retail to front run your trades. Additionally the trading they control is not transparent, meaning they don’t actually buy or sell crypto, it’s just a big IOU. Then they short the crypto you buy so they can make money off of you. They pull this BS with stocks, but the SEC are bought and paid. Just wait for a decentralized trading app that doesn’t require “market makers”. Even Coinbase is centralized and non transparent. But it’s all we really have right now.

submitted by /u/kcaazar
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