How do crypto exchanges synchronize their movements?

3 answers

• May 01, 2022 · 3 years ago
  Crypto exchanges synchronize their movements through a process called API integration. APIs allow exchanges to communicate and share data in real-time. When a trade occurs on one exchange, the API sends the information to other connected exchanges, updating their order books and prices accordingly. This ensures that the prices and order books are consistent across different platforms. It's like a network of interconnected exchanges working together to provide a seamless trading experience for users.
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• May 01, 2022 · 3 years ago
  Synchronizing movements in crypto exchanges is crucial to maintain a fair and efficient market. Exchanges use various methods to achieve this, such as data feeds and order matching algorithms. Data feeds provide real-time market data to exchanges, allowing them to update their prices and order books accordingly. Order matching algorithms ensure that trades are executed at the best available price across all connected exchanges. These synchronization mechanisms help prevent price discrepancies and ensure a level playing field for traders.
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• May 01, 2022 · 3 years ago
  From BYDFi's perspective, as a digital asset exchange, we synchronize our movements with other exchanges through API integration. This allows us to provide our users with real-time prices and order book data. By connecting with other exchanges, we ensure that our platform reflects the latest market conditions. This synchronization process helps us maintain transparency and provide a seamless trading experience for our users.
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