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 Bitcoin trades bleed cash during these “toxic” hours because market depth is a total illusion right now
Liquidity is the constraint institutions feel first because it sets the true price of entry and exit.





































