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When i look at a certain order book on kraken

I often notice someone having both a buy and sell order open of 260 coins. Always the top order respectively.
I asume this is some sort of automated trading but what would be the point of buying and selling simultanously?

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Market making

bots arb across exchanges

If not simultaneously is a classic game of manipulation: buyers and sellers are the same people

It must be to create artificial liquidity so that people will think the coin is having high liquidity. I don't know the real reason. This is my doubt.

J
It must be to create artificial liquidity so that ...

If the time is not simultaneously it’s just to dump price

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