Genesis Markets: Whale Attraction

While Genesis Markets will be usable to everyone, Genesis Markets needs to be as attractive as possible to Whales.

I can feel a lot of resentment from non-whales by this statement, but the fact remains that Genesis Markets must cater to whales, and not to the little guys. Here’s why…

Problem: Liquidity

People who buy or sell large quantities of crypto may run into thin order books on their exchange. By pooling the order books from several exchanges, it increases the liquidity and availability of both buy and sell orders. This allows better overall buying and selling prices for people who make large transactions.

Solution: Genesis Markets

“Genesis Markets will aggregate depth of the market and order books from multiple crypto exchanges. This is necessary to provide customers with access to all available orders that are currently on the market. This also inevitably increases liquidity, as the orders with similar prices will be merged.”

Ask yourself this: “Are my buy and sell orders large enough to push the price significantly on my exchange?”

If the answer is “No” then you likely will have very little benefit from using Genesis Markets. If your orders are not big enough to deplete the orders on your current exchange, you would have almost ZERO benefit from using Genesis Markets.

The only people that would truly benefit from using Genesis Markets are those who would answer “Yes” to the question above. Specifically whales and money managers who make large buy and sell orders.

Knowledge is power. It is time to vote…