In a social media post, Yoann Turpin, co-founder of Wintermute, called attention to the challenges of price discovery in the crypto industry. Turpin argues that centralized exchanges like Binance engage in private arrangements that create risks and favor larger players, making prices unfair to common buyers. He asserts that major entities can control price discovery by concentrating trading activity and liquidity on their platforms. Turpin points out the difficulties in price discovery in limited liquidity and smaller market dynamics, expressing Wintermute's intention to become more involved in the DeFi ecosystem.



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