Bloomberg: After FTX's bankruptcy, cryptocurrency market makers have heightened risk awareness, leading to a conservative approach that has resulted in a profit margin decline of about 30%

ChainCatcher news, according to Bloomberg, the sharp decline in cryptocurrency prices has led to the bankruptcy of companies like the FTX trading platform, with a large number of token assets trapped on the collapsed trading platforms. Crypto market makers will strive to reduce risks in the future, stating that this shift will erode profits.

Crypto market liquidity providers Auros, GSR Markets Ltd., and Wintermute Trading Ltd. emphasized that they will diversify trading across more trading platforms in the future. They will also not store digital assets directly on centralized trading platforms, using them as collateral to borrow coins and then transfer them back to the trading platforms, with collateral held by custodians or prime brokers. If the exchange collapses, the collateral will be held by the custodian or prime broker.

Auros stated that for the entire market-making industry, using intermediaries will lead to a 20% to 30% decrease in profit margins compared to directly depositing on trading platforms and trading with leverage.