How do spreads affect the price of a crypto asset?
Could you elaborate on how spreads influence the pricing of a crypto asset? Specifically, how do wider spreads tend to impact traders and investors? Are there any strategies that traders can employ to minimize the effects of spreads on their transactions? Furthermore, how do spreads vary across different crypto exchanges and how do these variations affect market liquidity? Understanding the role of spreads in the crypto market is crucial for making informed investment decisions.