How does the post only or allow taker option affect the liquidity of a cryptocurrency exchange?

1 answers

• Koki HamanoAug 13, 2023 · 2 years ago
  At BYDFi, we believe that the post only option can be beneficial for traders who want to set their desired price and wait for the market to come to them. It can help increase liquidity by providing more options for buyers and sellers to match their orders. However, it's important to note that this option may not be suitable for all trading strategies and market conditions. Traders should carefully consider their goals and risk tolerance before choosing the post only option. As for the allow taker option, it can provide instant liquidity and faster order execution, which can be advantageous for traders who want to enter or exit positions quickly. However, it may also result in higher fees for takers and potential slippage. Traders should weigh the benefits and drawbacks of each option and choose the one that aligns with their trading style and objectives.
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