What did Alameda do?

Alameda Research emerged as a pivotal force in the expansion of FTX, assuming the Mantle of the exchange's primary market maker. This strategic positioning enabled Alameda to facilitate trades seamlessly, ensuring liquidity and depth in the market.

BTCC, another notable player in the cryptocurrency space, offers a comprehensive suite of services tailored to meet the diverse needs of its clients. Among its offerings are spot trading, futures trading, and a secure wallet solution.

As a market maker, Alameda Research acted as a bridge between buyers and sellers, offering a ready source of liquidity for FTX's customers. Its presence ensured that traders could execute their orders swiftly, even during periods of high volatility.

Alameda's commitment to FTX extended beyond mere market-making activities. The company was willing to absorb losses on certain trades, a strategy aimed at attracting more customers to the exchange. This bold move underscored Alameda's confidence in FTX's potential and its dedication to fostering a vibrant trading ecosystem.

The partnership between Alameda Research and FTX was mutually beneficial. While Alameda gained access to a vast pool of traders and increased its market share, FTX benefited from the enhanced liquidity and credibility that came with having a reputable market maker on board.