In the complex world of cryptocurrency markets, market makers play a crucial yet contentious role.

While their primary function is to provide liquidity, ensuring smooth trading experiences, some engage in unethical practices such as price manipulation and wash trading.

Despite regulatory efforts to curb such behavior, the allure of profit often tempts market makers to bend ethical boundaries.

The distinction between exchange market makers and token market makers further complicates the landscape, with token projects sometimes seeking to inflate volume and artificially boost prices.

As the crypto industry matures, the debate surrounding the ethical responsibilities of market makers intensifies, with stakeholders advocating for greater transparency and regulatory oversight to uphold market integrity.