Ram Ahluwalia, the CEO of PeerNova, recently commented on the liquidity challenges the crypto market faces. According to Ahluwalia, the lack of a crypto bank settlement layer has led to a significant drying up of liquidity, hurting market makers and other participants in the industry. Crypto’s Biggest Challenge In traditional finance, the solution to this problem is provided by well-capitalized clearinghouse firms such as the Depository Trust and Clearing Corporation (DTCC), Chicago Mercantile Exchange (CME), and Intercontinental Exchange (ICE). These firms act as the intermediary between buyers and sellers, assuming the role of the seller to every buyer and the
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Author: coinmaker