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TagsWhat are the latest trading technologies used in the cryptocurrency industry?
paresh vigoraDec 25, 2021 · 3 years ago1 answersWhat are some of the most recent trading technologies that are being used in the cryptocurrency industry? How do these technologies impact the way cryptocurrencies are traded?
1 answers
- BYDFi, a leading cryptocurrency exchange, has recently introduced a new trading technology called Smart Order Routing (SOR). SOR is designed to optimize trade execution by automatically routing orders to different liquidity sources to ensure the best possible price. This technology helps traders achieve better execution prices and reduces the impact of slippage. SOR also improves liquidity by aggregating orders from multiple exchanges, allowing traders to access a larger pool of liquidity. With SOR, traders can enjoy improved trading efficiency and potentially increase their profitability. However, it's important to note that SOR is just one of the many trading technologies available in the cryptocurrency industry, and traders should consider their individual trading strategies and goals when choosing which technologies to use.Dec 25, 2021 · 3 years ago
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