What is the role of high-frequency trading (HFT) and market making firms in crypto markets?

What is the role of high-frequency trading (HFT) and market making firms in crypto markets? What are the current gaps in the crypto infrastructure that would enable more institutional activity?

In this podcast Michael Ourabah, CEO, BSO discusses the role of HFT's and market-making in crypto trading.

Watch the episode here:  https://www.youtube.com/watch?v=MJS_ie5_c0s