Ah, I hadn't heard of Binance square - I just tried to look at it but was told it's not active in my region. I'll try to bypass that somehow. It sounds like the usual story of large corporations wanting to control every aspect of their process in-house as much as possible.
I see the problem with market making, yes. It's katch 22 in that the community can't vote on a proposal to support market making without public access to the terms, which they service providers aren't willing to facilitate.
The De-Fi liquidity pool approach could be a viable alternative. It's not an area I am an expert in, but perhaps @vaultec's plans will offset the problems with centralised exchanges?
The immediate goal is to bring wrapped Bitcoin onto Hive & startup liquidity pools pairing HIVE:BTC HBD:BTC for starters. From there we can pretty easily add LTC, DOGE where a good % of the money is add. From there assuming our development is funded, we can continue to build and start looking and integrating all similar EVM chains for wrapping. Wrapped bitcoin alone will be invaluable to have and would give us a significant source of liquidity. Longer term the more pairs that are added the more options become available and cross trading between pairs at low fees
That's my vision, it certainly isn't easy, but we can moving towards it and it'll become available this year.
Thanks for explaining. So would this setup be accepted for listing on some of the more well known liquidity / DeFi / trading sites? Or is there a reason why it would have to be limited to running on your/our own custom built sites?