Swiss Bank to Start Market Making Bitcoin ETPs, Taps Specialists

market maker abstract

Professional market makers are coming to crypto ETPs trading in Europe after volumes surge, especially in Germany’s BTCetc. “As a market maker, it is a great market to be in due to the arbitrage involved,” said Stefan Kaba-Ferreiro, head of trading at GHCO, before adding: “Previously, liquidity providers could make $200 spread on a single bitcoin trade compared to mere basis points in the ETF ecosystem but this has since come down due to increasing liquidity in the market.” GHCO describes itself as one of the fastest-growing liquidity providers specializing in exchange traded funds with it operating in over 1500 ETFs. Speaking to an industry paper Ferreiro said they had been tapped by the Swiss bank Seba, which says it combines the new financial world of digital assets with traditional banking. GHCO is to start market making for crypto ETPs next month as it continues discussions with a number of…

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