What does a -2 spread mean in the context of cryptocurrency trading?

3 answers

• tanay boradeMar 01, 2023 · 2 years ago
  A -2 spread in cryptocurrency trading refers to the difference between the bid and ask prices of a particular cryptocurrency being 2 units apart. This means that the highest price at which someone is willing to buy the cryptocurrency is 2 units lower than the lowest price at which someone is willing to sell it. It indicates a relatively narrow spread, suggesting that there is a high level of liquidity and market efficiency for that particular cryptocurrency. Traders can take advantage of this tight spread by executing trades with minimal slippage.
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• Hemant DAug 16, 2023 · 2 years ago
  When you see a -2 spread in cryptocurrency trading, it means that there is a 2-unit difference between the highest bid price and the lowest ask price for a specific cryptocurrency. This indicates a tight spread, which is generally considered favorable for traders. A tight spread means that there is a high level of liquidity and market activity for that cryptocurrency, allowing traders to buy and sell at prices close to each other. It is important to note that spreads can vary across different cryptocurrencies and trading platforms.
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• Kiven Kyle MacayNov 06, 2022 · 3 years ago
  Ah, the -2 spread in cryptocurrency trading! It's like finding a unicorn in the crypto world. It means that the bid price is 2 units lower than the ask price for a particular cryptocurrency. This indicates a tight spread, which is great news for traders. With a tight spread, you can buy and sell cryptocurrencies at prices that are very close to each other, minimizing your trading costs. So, if you come across a -2 spread, consider yourself lucky and seize the opportunity to make some profitable trades!
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