Which is better, post-only or allow taker?
Could you please elaborate on the advantages and disadvantages of choosing between a post-only order book and one that allows taker orders? Which one do you believe is more suitable for a cryptocurrency exchange, and why? Are there any specific market conditions or strategies that make one option more favorable over the other? Additionally, how do these order types impact the liquidity and trading efficiency of the platform?
Which is better, post only or allow taker?
I'm curious, in the world of cryptocurrency trading, which approach is considered more favorable among traders: adopting a post-only strategy or allowing for taker orders? Post-only orders seem to prioritize liquidity provision, ensuring the market remains well-stocked with bids and asks. On the other hand, taker orders actively seek out opportunities to execute trades, potentially capturing more favorable prices in a dynamic market. Is there a clear winner between these two strategies, or does it depend on individual trading goals and market conditions?