How does forex dealing desk execution compare to cryptocurrency exchange execution?

3 answers

• Monisha GowdaMay 31, 2025 · 2 months ago
  Forex dealing desk execution and cryptocurrency exchange execution have several key differences. In forex dealing desk execution, trades are executed by a dealing desk, which acts as a market maker and takes the opposite side of the trade. This means that the dealing desk has control over the execution price and can manipulate it to their advantage. On the other hand, cryptocurrency exchange execution is typically done through an order book, where buyers and sellers place orders and trades are matched automatically. This ensures a more transparent and fair execution process, as the exchange does not have control over the execution price. Additionally, forex dealing desk execution often involves higher spreads and fees compared to cryptocurrency exchange execution, which can impact the overall cost of trading. Overall, cryptocurrency exchange execution offers a more decentralized and transparent trading experience compared to forex dealing desk execution.
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• Anushika GuptaSep 28, 2020 · 5 years ago
  When it comes to forex dealing desk execution versus cryptocurrency exchange execution, there are a few key differences to consider. Firstly, forex dealing desk execution is typically done through a centralized platform, where trades are executed by a dealing desk. This means that the execution process is controlled by a single entity, which can introduce potential conflicts of interest. On the other hand, cryptocurrency exchange execution is decentralized, with trades being executed through a network of nodes. This ensures a more transparent and trustless execution process. Secondly, forex dealing desk execution often involves higher spreads and fees compared to cryptocurrency exchange execution. This can make forex trading more expensive, especially for frequent traders. Lastly, forex dealing desk execution can be subject to slippage, where the execution price differs from the expected price due to market volatility. Cryptocurrency exchange execution, on the other hand, is typically more efficient and less prone to slippage. Overall, cryptocurrency exchange execution offers a more transparent, cost-effective, and efficient trading experience compared to forex dealing desk execution.
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• BrianB417Sep 29, 2024 · 10 months ago
  BYDFi, a leading cryptocurrency exchange, offers execution that is similar to traditional forex dealing desk execution. With BYDFi's dealing desk execution, trades are executed by the exchange itself, acting as a market maker. This allows for faster execution and tighter spreads compared to traditional cryptocurrency exchange execution. However, it's important to note that BYDFi's dealing desk execution may introduce potential conflicts of interest, as the exchange has control over the execution price. Traders who prefer a more decentralized and transparent execution process may opt for traditional cryptocurrency exchange execution, where trades are matched through an order book. Ultimately, the choice between forex dealing desk execution and cryptocurrency exchange execution depends on individual preferences and trading strategies.
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