What is the difference between fidelity level 2 quotes and regular quotes in the cryptocurrency market?

1 answers

• Dec 27, 2021 · 3 years ago
  As an expert in the cryptocurrency market, I can tell you that fidelity level 2 quotes and regular quotes serve different purposes. Fidelity level 2 quotes provide a more detailed view of the market, showing not only the bid and ask prices, but also the number of shares available at each price level. This allows traders to gauge market depth and liquidity, which can be crucial for making informed trading decisions. Regular quotes, on the other hand, provide a simplified view of the market by displaying only the current bid and ask prices. While they may be sufficient for casual investors or those who don't require extensive market data, serious traders often rely on fidelity level 2 quotes to gain a deeper understanding of the market. In conclusion, fidelity level 2 quotes offer a more comprehensive and detailed view of the cryptocurrency market compared to regular quotes. They provide valuable insights that can help traders make more informed decisions and stay ahead of the competition.
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