[tarunupaday]

i do not know why you are being downvoted. coinbase is not market maker - in the traditional sense of the word.

“market maker” has a very specific meaning. just because they can “move markets” or “list coins” does not make them market maker.

[weard_beard]

They provide liquidity by internalizing orders and never bothering to acquire the underlying. Isn’t that the definition?

[jcranmer]

What you're describing is a typical aspect of brokers. Market makers provide large standing buy and sell orders so that anyone who wants to buy/sell a security at ~market price can do so.

[weard_beard]

I just described the sausage making of, “anyone who wants to buy/sell a security at ~market price can do so.”

I’m sorry you don’t like sausage.

[Kranar]

No.