Galaxy Digital don join Polymarket and Kalshi as Liquidity Provider
Galaxy Digital wey CEO be Mike Novogratz don start to try market-making and dem dey plan to act as liquidity provider for Polymarket and Kalshi. Galaxy Digital entry dey follow Jump Trading wey enter Kalshi, show say institutional interest for prediction markets don dey rise. These platform dem dey use peer-to-peer order books for binary contracts wey connect to events—from elections to sports—and dem don process over $42.4 billion for transaction volume. With Kalshi wey CFTC dey regulate and Polymarket wey dey operate offshore, Galaxy Digital liquidity fit deep order books, reduce price wahala, and help the sector mature despite say US regulatory environment no too clear.
Neutral
Galaxy Digital wey dem plan to play liquidity role for prediction markets no too dey go affect price of any particular cryptocurrency token directly. Even though say institutional market-making for Polymarket and Kalshi fit make trading steady well well and make order books thick for those small-small platforms, dem no dey trade mainstream crypto assets. So, this development go just get neutral effect for crypto prices for short and long term.