Cryptocurrency Q&A
How does crypto trading work?
How does crypto trading work?
mia_rose_painter
Sat Jul 13 2024
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5 answers
1194
Could you please elaborate on how crypto trading operates in a nutshell? I'm curious about the fundamental mechanics behind it. Is it similar to traditional stock trading, or does it have its own unique processes? What are the key steps involved in executing a trade? Also, how do the prices of cryptocurrencies fluctuate, and what factors influence their movement? I'm interested in understanding the basics of crypto trading to determine if it's a viable investment option for me.
5 answers
Bianca
Mon Jul 15 2024
Cryptocurrency trading platforms vary in their operational mechanisms. One such platform does not engage in the direct execution of crypto trades.
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SamuraiWarriorSoulful
Sun Jul 14 2024
It's worth noting that the platform does not execute crypto orders at the current market price. The execution price may vary depending on the negotiations between the platform, market makers, and the specific terms of each order.
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TaegeukChampionship
Sun Jul 14 2024
Instead, it functions as a facilitator between customers and market makers. The company receives incoming cryptocurrency orders and redirects them to appropriate market makers.
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EmmaWatson
Sun Jul 14 2024
This redirection is done in exchange for transaction rebates, which are incentives provided by the market makers for routing orders to them. However, these rebates are not passed on to the customers placing the orders.
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Silvia
Sun Jul 14 2024
As a result, customers placing orders on this platform do not benefit directly from the transaction rebates. Their orders are executed based on the terms and conditions agreed upon between the platform and the market makers.
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