Bitcoin

High frequency crypto traders could get the same perks as equity traders, but without the drawbacks

Quick Take

  • High-speed crypto traders want colocation and fat rebates 
  • The practices, which have been long debated in U.S. equities, don’t have the same drawbacks in crypto

Wall Street traders are a needy bunch. 

They want liquidity, robust platforms to trade on, and of course those ubiquitous gray vests with which they can flaunt their respective firms.

In some cases, however, traders want even more than that, according to Kraken chief executive officer Jesse Powell. 

In an interview with The Block, Powell outlined some of the desires of certain large traders on his platform, shedding light on his own personal views on market structure.