What are the advantages of using level 2 quotes for fidelity in the digital currency trading?

3 answers

• Apr 28, 2022 · 3 years ago
  Level 2 quotes offer a deeper insight into the market depth and liquidity of digital currencies. By providing real-time data on bid and ask prices, as well as the number of shares available at each price level, traders can make more informed decisions. This increased transparency allows for better price discovery and potentially improved execution of trades.
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• Apr 28, 2022 · 3 years ago
  Using level 2 quotes for fidelity in digital currency trading can help traders identify potential price trends and market movements. By analyzing the order book and observing the buying and selling pressure at different price levels, traders can anticipate price movements and adjust their strategies accordingly. This can be particularly useful for day traders and those looking to take advantage of short-term price fluctuations.
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• Apr 28, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, recognizes the advantages of level 2 quotes for fidelity in digital currency trading. With access to real-time market data and order book information, traders on BYDFi can make more informed decisions and execute trades with confidence. The transparency provided by level 2 quotes enhances the trading experience and allows traders to take advantage of market opportunities.
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