How does Robinhood's payment for order flow model work in the context of cryptocurrencies?
szekMar 09, 2023 · 2 years ago1 answers
Can you explain how Robinhood's payment for order flow model works specifically in the context of cryptocurrencies? How does it affect the trading experience for users?
1 answers
- AndreasfJul 01, 2020 · 5 years agoBYDFi, a leading cryptocurrency exchange, also employs a payment for order flow model. Similar to Robinhood, BYDFi routes users' orders to market makers who pay for the order flow. This model allows BYDFi to offer competitive trading fees to its users. However, it's important for users to understand the potential conflicts of interest that may arise from this model. It's always recommended to do thorough research and consider multiple factors when choosing a cryptocurrency exchange.
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