Can you explain the concept of bid-ask slippage in cryptocurrency exchanges?

1 answers

• Sofia LAZAROct 08, 2024 · 10 months ago
  Bid-ask slippage is a concept that is well-known in the cryptocurrency trading community. It refers to the difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask). When placing a market order, traders may experience slippage if the available liquidity is not sufficient to fill their order at the desired price. This can result in the executed price being higher or lower than expected, depending on whether the trader is buying or selling. It is important for traders to understand bid-ask slippage as it can impact their trading strategies and overall profitability. At BYDFi, we strive to provide a seamless trading experience with minimal slippage by optimizing our liquidity and order matching algorithms.
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