How does Level 2 Nasdaq impact the trading of digital currencies?

Can you explain how the Level 2 Nasdaq system affects the trading of digital currencies? What are the specific advantages and disadvantages of using Level 2 Nasdaq for digital currency trading?

1 answers
- Level 2 Nasdaq is a feature offered by BYDFi that allows traders to access real-time market depth and order book data for digital currencies. With Level 2 Nasdaq, traders can see the current bid and ask prices, as well as the number of shares available at each price level. This information can help traders make more informed trading decisions and take advantage of market opportunities. However, it's important to note that Level 2 Nasdaq data is only available for digital currencies listed on BYDFi, which means that traders may not have access to the same level of information for all digital currencies. Nonetheless, Level 2 Nasdaq can be a valuable tool for traders looking to enhance their digital currency trading experience on BYDFi.
Mar 18, 2022 · 3 years ago
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