This is important as it means anyone around the world can
participate as a market maker in various global currencies on the fiat side of the trade without the need to have the local fiat currency on hand via a gateway, it can be entirely automated and done digitally.
The vital connection to local liquidity is through fiat currency, in order to
participate as a market maker in various countries fiat currency is needed to deposit and exchange with which often means the need to actually be in the country to be a market maker since bank accounts will be needed for those local currencies.
Not exact matches
The company has already brought on two industry services
as early clients:
market maker XBTO (which
participated in Libra's $ 7.8 million Series A funding round) and cryptocurrency exchange service ShapeShift.