What causes the significant difference in TRX price between Binance and Liqui?

3 answers

• Dec 26, 2021 · 3 years ago
  The significant difference in TRX price between Binance and Liqui can be attributed to several factors. Firstly, Binance is one of the largest and most popular cryptocurrency exchanges, with a high trading volume and liquidity. This means that the price of TRX on Binance is more reflective of the overall market demand and supply. On the other hand, Liqui is a smaller exchange with lower trading volume, which can lead to price discrepancies compared to larger exchanges like Binance. Additionally, differences in trading fees, order book depth, and trading algorithms can also contribute to the price difference between the two exchanges.
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• Dec 26, 2021 · 3 years ago
  Well, the difference in TRX price between Binance and Liqui is mainly due to the varying levels of demand and supply on each exchange. Binance has a larger user base and higher trading volume, which means that the price of TRX on Binance is influenced by a larger number of buyers and sellers. Liqui, on the other hand, has a smaller user base and lower trading volume, which can result in less liquidity and more price volatility. Therefore, the price of TRX on Liqui may deviate from the market average on Binance.
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• Dec 26, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that the difference in TRX price between Binance and Liqui is a common occurrence in the market. It's important to note that each exchange operates independently and has its own order book, which can lead to price variations. However, it's worth mentioning that BYDFi, a digital currency exchange I work for, aims to provide competitive prices and minimize price differences across different exchanges. So, if you're looking for a platform with tighter spreads and lower price discrepancies, you might consider checking out BYDFi.
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