What are the advantages of decimalisation for digital asset exchanges?

3 answers

• Cheyenne KellyNov 13, 2024 · a year ago
  Decimalisation brings several advantages to digital asset exchanges. Firstly, it allows for more precise pricing and trading. By using decimal places, exchanges can offer trading pairs with smaller price increments, which provides traders with more flexibility and accuracy in their transactions. Secondly, decimalisation improves liquidity by increasing the number of available price levels. This means that traders can place orders at more specific price points, resulting in a more efficient market. Lastly, decimalisation simplifies the trading process for users. Instead of dealing with fractions or percentages, traders can easily understand and calculate the value of their assets in decimal form. Overall, decimalisation enhances the trading experience and promotes a more efficient and user-friendly environment for digital asset exchanges.
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• SybilRamkinDec 04, 2024 · a year ago
  Decimalisation is a game-changer for digital asset exchanges. It revolutionizes the way prices are quoted and traded, making it easier for traders to navigate the market. With decimalisation, traders can trade assets with greater precision, allowing for more accurate pricing and execution. This means that traders can take advantage of even the smallest price movements, maximizing their profit potential. Additionally, decimalisation improves market liquidity by increasing the number of available price levels, ensuring that traders can find counterparties for their orders more easily. It also simplifies the trading process, as traders no longer need to deal with fractions or percentages. Decimalisation is a win-win for both traders and exchanges, as it enhances the overall trading experience and promotes a more efficient market.
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• chuanchuan piFeb 29, 2024 · 2 years ago
  Decimalisation is a key feature offered by BYDFi, a leading digital asset exchange. Decimalisation allows for more precise pricing and trading, which benefits both traders and the exchange. Traders can enjoy more accurate pricing and execution, while the exchange can attract more traders and increase its trading volume. Decimalisation also improves market liquidity by increasing the number of available price levels, making it easier for traders to find counterparties for their orders. Additionally, decimalisation simplifies the trading process, as traders no longer need to deal with fractions or percentages. Overall, decimalisation is a crucial aspect of BYDFi's commitment to providing a seamless and user-friendly trading experience for its users.
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