How does the BTC auction on Coinbase work?

3 answers

• KryptlockDec 28, 2020 · 5 years ago
  Sure! The BTC auction on Coinbase is a process where users can buy or sell Bitcoin at a specific price determined through an auction. During the auction, users can place bids to buy Bitcoin or offers to sell Bitcoin. At the end of the auction, the highest bid to buy and the lowest offer to sell are matched, and the trade is executed. This auction mechanism helps ensure fair and transparent pricing for Bitcoin on Coinbase.
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• TommisJun 09, 2023 · 2 years ago
  The BTC auction on Coinbase works by allowing users to participate in a bidding process to buy or sell Bitcoin. Users can place their bids or offers, specifying the quantity and price at which they are willing to buy or sell Bitcoin. The auction lasts for a specific period of time, and at the end, the highest bid and the lowest offer are matched to determine the final price at which the trade is executed. This process helps provide liquidity and efficient price discovery for Bitcoin on Coinbase.
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• Buch SmedJul 29, 2021 · 4 years ago
  The BTC auction on Coinbase is a feature that allows users to buy or sell Bitcoin through a competitive bidding process. Users can place their bids or offers, and the auction system matches the highest bid to buy with the lowest offer to sell. This ensures that the trade is executed at a fair and market-driven price. The auction mechanism on Coinbase helps create a transparent and efficient marketplace for Bitcoin trading.
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