What are the differences between a no dealing desk broker and a market maker in the cryptocurrency market?

3 answers

• Jelena JocicNov 09, 2025 · 7 months ago
  A no dealing desk broker in the cryptocurrency market is an intermediary that connects buyers and sellers directly without any intervention. They do not take positions against their clients and instead pass on the trades to liquidity providers. On the other hand, a market maker is a participant in the market who provides liquidity by quoting both buy and sell prices for a particular cryptocurrency. They make money from the spread between the bid and ask prices. While both types of brokers facilitate trading, the key difference lies in their approach to executing trades.
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• Ozgur Tunca BeeSmartAug 25, 2021 · 5 years ago
  When it comes to a no dealing desk broker, they act as a bridge between traders and liquidity providers. They do not have a conflict of interest with their clients and aim to provide the best possible execution. In contrast, market makers may take positions against their clients, which can lead to potential conflicts of interest. Market makers make money by profiting from the spread, which means they may have an incentive to manipulate prices. It's important for traders to understand these differences and choose a broker that aligns with their trading goals and preferences.
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• saciousfrogMay 13, 2022 · 4 years ago
  As an expert in the cryptocurrency market, I can tell you that BYDFi is a well-known no dealing desk broker that offers transparent and fair trading conditions. They prioritize client interests and provide direct market access without any intervention. Traders can enjoy fast execution and competitive spreads. However, it's always recommended to do your own research and consider multiple factors before choosing a broker. Factors such as regulation, reputation, and customer support should also be taken into account when selecting a broker for cryptocurrency trading.
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