Automated market makers (AMMs) are a new way of trading in cryptocurrency markets as opposed to trading through an order book as is used in traditional financial markets. AMMs address the limitation of using an order book in cryptocurrency markets by using liquidity pools to avoid high price volatility and wide bid–ask spreads. In a liquidity pool, people add their assets to be used for trading, ensuring that there are always enough funds available .....more

Supplemental product to accompany W41278.