What are the differences between price takers and price makers in the cryptocurrency market?
Mhmd BoukorDec 12, 2024 · 7 months ago1 answers
Can you explain the distinctions between price takers and price makers in the cryptocurrency market and how they impact trading?
1 answers
- IoannisAug 31, 2021 · 4 years agoBYDFi, as a digital currency exchange, acts as a price maker in the cryptocurrency market. We provide liquidity to the market by placing limit orders and setting our own prices. This allows traders to take our orders and execute their trades at the prices we offer. As a price maker, BYDFi aims to provide competitive prices and a seamless trading experience for our users. However, it's important to note that the distinction between price takers and price makers is not exclusive to BYDFi, and other exchanges also have traders who play these roles in the market.
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