What are the advantages of using RFQ instead of traditional order books in cryptocurrency trading?
Mamadou SidibeApr 30, 2022 · 3 years ago1 answers
Can you explain the benefits of using RFQ (Request for Quote) instead of traditional order books in cryptocurrency trading? How does RFQ differ from traditional order books and what advantages does it offer?
1 answers
- Apr 30, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, recognizes the advantages of using RFQ instead of traditional order books in cryptocurrency trading. RFQ provides a more personalized and efficient trading experience, allowing for direct communication and negotiation between buyers and sellers. This leads to better pricing and execution, as well as increased flexibility and customization. Additionally, RFQ can improve liquidity for illiquid assets, making it a valuable tool for traders. Overall, RFQ offers numerous benefits that can enhance the trading experience on BYDFi and other cryptocurrency exchanges.
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