Is the cryptocurrency exchange rate free: who are the market makers

The cryptocurrency market is like a vast ocean. Every bullish spurt in the market is perceived positively. Traders prophesise non-stop growth and the end of the cryptowinter. The question of who determines where the rate of a crypto asset will move and what will be the maximum price is very relevant for traders and investors. Who determines the price of a сoin? The ratio of supply and demand? Exchange? Traders or invisible whales in the market?

Often special teams of traders or market makers are involved to manage the token rate, ensure its stability, control the liquidity level and protect it from possible pump&dump schemes.

Market makers (literally "market makers") are projects specialising in managing token rates and ensuring smooth trading on centralised exchanges. These companies work under contract with exchanges. The importance of market makers cannot be questioned, as they provide liquidity so necessary for all traders.

As a rule, these companies do not advertise their opportunities and promote themselves in the specialised cryptocurrency environment. Some market leaders among market makers are CLS Global, Gotbit, GSR.

These companies work with exchanges of different levels: Gate.io, Coinsbit, Crypto.com, Binance, Bybit, Huobi and decentralised exchanges such as 1inch, Uniswap. The professionalism of the teams allows market makers to manage the dynamics of the exchange rate of a particular token within a given strategy. If you think that a token exists on the market by itself, it's long past. It is a necessary factor for the growth and development of the project.