Max Bronstein, the marketing manager at Dharma Labs, a San Francisco-based organization that develops peer-to-peer (P2P) lending protocols for “generic tokenized debt agreements,” has argued that “trading is integral to any well functioning capital market.” Bronstein, a political science graduate from the UCLA, believes that by “taking advantage of supply and demand mispricings, traders help the market with price discovery, and in the act of trading, also serve to bring liquidity to a market.” He also thinks that “traders that excel at providing these services are rewarded handsomely” for the contributions. In his blog post, published on April 15th, 2019, Bronstein noted that cryptocurrency markets are “no different” from traditional financial markets and that both require sufficient liquidity and price discovery, in order to function properly.