##DYOR #cryptoupdate #Namus777

Twas the night before Christmas, when all through the house, not a creature was stirring," except for the largest trading shops in crypto markets.

On the rare occasions when the world's capital markets close, such as on Christmas Day and New Year's Eve, crypto brokerage shops, market makers and over-the-counter trading operations remain open for business and continue to take orders and offer liquidity.

This characteristic stems from crypto markets being 24/7 in general. Digital assets are exchanged continuously across public ledgers, crypto brokerages, exchanges, and a network of trading entities that collectively form the industry's emerging capital markets.

Notably, liquidity providers like Wintermute and GSR are mandated to uphold a certain level of presence, even on Christmas Day, serving as liquidity providers and managing over-the-counter trading desks. Market makers act as intermediaries, supplying buy and sell price quotes to ensure sufficient liquidity for traders to enter and exit specific assets. Meanwhile, an OTC desk caters to larger clients by facilitating off-exchange trading in significant volumes.

"Crypto markets never sleep, and neither does Wintermute's OTC desk," noted Evgeny Gaevoy, co-founder of Wintermute. "We are positioned to serve counter-parties from all geographies, recognizing that in some regions, including parts of Asia, Christmas is observed as a regular working day."

It's a similar story at GSR, which is also "always staffed.