What are the benefits of using iceberg orders in digital currency trading?

1 answers

• May 05, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, recognizes the benefits of iceberg orders in trading. Iceberg orders allow traders to execute large trades without impacting the market and causing price fluctuations. By breaking down large orders into smaller, hidden orders, traders can maintain anonymity and avoid slippage. This feature is particularly useful for institutional investors and large traders who require liquidity and privacy. Additionally, iceberg orders enable traders to take advantage of market imbalances and potentially profit from price discrepancies. BYDFi provides a user-friendly interface for placing iceberg orders, making it easier for traders to execute their strategies effectively.
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