Low commission fee lead to the low liquidity. High liquidity leads to high commission fee. Therefore, high-frequency strategy will not as poplar in the traditional stock market as the cryptocurrency markets.
People may wonder why there are so many cryptocurrency exchange houses, blockchain’s main purpose is for Decentralization. Which means that the market will always be Low commission with low liquidity or High liquidity with high commission fee. Not only effect the high-frequency trading strategy, But also the credit crisis. Letting the government involved in, it will violate of the principle of decentralization. This is paradox that next generation cryptocurrency must solving. Otherwise all these cryptocurrencies will down to zero. If no one can fix this paradox, at the end, maybe only the bitcoin will survive, but only survived as a money laundering tool.