Andrea
Thu Aug 22 2024
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6 answers
1209
What is Tier 1 and Tier 2 liquidity provider?
Could you please elaborate on the concept of Tier 1 and Tier 2 liquidity providers in the context of cryptocurrency exchanges? How do they differ from each other in terms of their role, responsibilities, and the level of liquidity they provide to the market? Additionally, what factors determine if a liquidity provider falls into either of these tiers, and what benefits or drawbacks might be associated with each tier?
