First of all in traditional stock/futures exchanges you cannot connect to the exchange itself, but must go through a broker due to the regulation. This means you cannot directly interact with the order book, needed for the high frequency trading.
Cryptocurrency exchanges are direct-to-retail so anyone can run HFT strategies and act as a market maker. Thus, cryptocurrency trading is “more democratized.”
Cryptocurrency exchanges are direct-to-retail so anyone can run HFT strategies and act as a market maker. Thus, cryptocurrency trading is “more democratized.”