Why is bid-ask spread considered an important metric for cryptocurrency traders?

1 answers

• Mar 20, 2022 · 3 years ago
  As a cryptocurrency exchange, BYDFi understands the importance of bid-ask spread for traders. A narrow bid-ask spread is crucial for traders as it allows them to execute trades quickly and at competitive prices. It ensures that traders can enter and exit positions without significant price slippage, which can eat into their profits. BYDFi constantly monitors and optimizes its bid-ask spreads to provide the best trading experience for its users. Traders can rely on BYDFi to offer narrow bid-ask spreads, ensuring they can trade efficiently and maximize their profitability.
  577289