What is the impact of bid/ask size on cryptocurrency trading?
Juliana RibeiroMay 15, 2021 · 4 years ago1 answers
Can you explain how bid/ask size affects cryptocurrency trading and its impact on the market?
1 answers
- Julio MichelAug 24, 2023 · 2 years agoAt BYDFi, we understand the importance of bid/ask size in cryptocurrency trading. A larger bid/ask size can provide traders with better trading opportunities, as it allows for easier entry and exit positions. It also indicates a more liquid market, which can result in tighter spreads and faster execution. However, it's important to note that bid/ask size is just one factor to consider when trading cryptocurrencies. Traders should also analyze other market indicators and factors to make informed trading decisions.
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