Compendium Finance Announces Strategic Partnership With Alameda Research
Compendium Finance is excited to announce that it has formed a strategic partnership with Alameda Research.
Our Team is excited to have an organization of notable stature and caliber in our corner supporting us. This partnership with Alameda Research will help ensure efficient secondary trading markets for our native $CMFI token through token liquidity and market-making strategies.
Founded in 2017, Alameda Research is a leading principal trading firm. That has significantly contributed to the industry with their internally developed technology and their team’s deep crypto expertise to trade digital asset products.
Since 2017, Alameda Research has relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets.
Why does Compendium Finance require a market maker or liquidity provider?
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Market Makers play an important role in increasing the accessibility and liquidity of cryptocurrencies to traders, investors, and market participants globally in real-time. Market making is an activity whereby a trader simultaneously provides liquidity to both buyers and sellers. Liquidity is the degree to which an asset can be quickly bought or sold without significantly affecting the price stability.
Markets that have low liquidity will generally have wide bid-ask spreads in their order books that can increase the volatility, therefore rendering it more difficult for traders to get a fair price for their trade. Also, the overall liquidity of a market greatly influences its growth as it allows more orderly entry and exit points for traders and dramatically reduces slippage.
What does this mean for Compendium Finance?
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Working with market-leading service providers like Alameda Research helps top-tier exchanges welcome the potential listing $CMFI.
Our philosophy is to not just list $CMFI on an exchange but to create a synergetic relationship with leading exchanges by offering our comprehensive suite of automated and algorithmic trading tools for their users.
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What is Compendium Finance?
The Compendium.Fi platform is built to offer traders a comprehensive suite of tools for a list of growing ecosystems. Our consumer-facing application is split into two separate entities.
One side of our tooling focuses on integrations with popular and liquid centralized exchanges, while the other side focuses on improving the on-chain trading offerings of decentralized protocols built on Solana (with more chains to come shortly).
Automation and simplicity are key to all of our offerings. We’re here to help make crypto trading easier for everyone. Subscribe to bots, make your own, copy friends, or manually trade across multiple ecosystems in our intelligent interfaces.
Find out more about CompendiumFi.
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None of the above should be utilized as financial advice. You are responsible for your own financial decisions. Please make sure to do your own research before investing in cryptocurrency protocols or digital assets.
