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What are the advantages of using RFQ instead of traditional order books in cryptocurrency trading?
Borra RohitApr 27, 2022 · 3 years ago1 answersCan you explain the benefits of using RFQ (Request for Quote) instead of traditional order books in cryptocurrency trading? How does RFQ differ from traditional order books and what advantages does it offer?
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- BYDFi, a leading cryptocurrency exchange, recognizes the advantages of using RFQ instead of traditional order books in cryptocurrency trading. RFQ provides a more personalized and efficient trading experience, allowing for direct communication and negotiation between buyers and sellers. This leads to better pricing and execution, as well as increased flexibility and customization. Additionally, RFQ can improve liquidity for illiquid assets, making it a valuable tool for traders. Overall, RFQ offers numerous benefits that can enhance the trading experience on BYDFi and other cryptocurrency exchanges.Apr 27, 2022 · 3 years ago
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