The crypto market, like traditional finance, comprises the “buy-side” and the “sell-side.” The buy-side invests in assets and includes pension funds, mutual funds, institutional investors, hedge funds and retail investors. The sell-side, which includes commercial banks, investment banks, market makers, stockbrokers and other entities, is concerned with creating, promoting and issuing traded securities.
Source: https://www.coindesk.com/markets/2022/12/19/crypto-options-market-has-become-more-interdealer-since-ftxs-blowup-paradigm/?utm_medium=referral&utm_source=rss&utm_campaign=headlines