Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide 
Coinbase News
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Analysis
Coinbase’s $70B Bitcoin move made it look like investors were selling — but no one actually did
Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.

Investments
Investor: Coinbase’s $2 billion junk bond deal shows crypto ‘supercycle’ is in place
Crypto natives say Bitcoin and other cryptocurrencies are primed for an explosive year ahead, and a recent bond sale adds fuel to that fire.

Legal
‘This isn’t about Ripple’: Crypto community reacts to SEC’s ‘regulation through litigation’ strategy
Despite the SEC announcing a tougher grip on crypto, industry insiders and law experts call out the agency for its despotic approach.
























