What does boost mean on a cryptocurrency exchange like Chime?

3 answers

• Fat MonkeyJun 07, 2021 · 4 years ago
  Boost on a cryptocurrency exchange like Chime refers to a feature that allows users to increase the visibility and priority of their orders in the order book. When a user chooses to boost their order, it essentially means that their order will be placed higher in the order book, increasing the chances of it being executed sooner. This can be particularly useful in situations where there is high trading activity and a large number of orders in the order book. By boosting their order, users can ensure that their trades are executed quickly and efficiently.
  560

  280
• Mumbere WyclifOct 23, 2024 · 10 months ago
  Boost is a term used on cryptocurrency exchanges like Chime to give users the ability to prioritize their orders. When you boost an order, it means that your order will be given a higher priority in the order book, increasing the likelihood of it being matched with a counterparty. This can be beneficial in fast-moving markets where timing is crucial. By boosting your order, you can increase the chances of getting your trade executed at the desired price before the market moves away from you.
  496

  166
• leonel8Nov 20, 2022 · 3 years ago
  Boost is a feature available on some cryptocurrency exchanges, including Chime. It allows users to increase the visibility and priority of their orders in the order book. When you boost an order, it means that your order will be placed higher in the order book, making it more likely to be executed sooner. This can be advantageous in situations where there is high trading volume and a lot of orders in the order book. By boosting your order, you can improve the chances of getting your trade executed quickly and at the desired price.
  536

  134