How Liquidity Really Works on Crypto Exchanges
Volume figures are a poor measure of whether you can actually trade. Depth, spread and slippage are the numbers that decide what a trade costs.
Crypto markets, explained without the noise
Volume figures are a poor measure of whether you can actually trade. Depth, spread and slippage are the numbers that decide what a trade costs.
Large trades do not go through the order book. Understanding where they go explains why price sometimes fails to react to…
Markets run continuously, participants do not. The gap produces measurable patterns in liquidity and volatility.
The counterparty to most retail trades is a firm quoting both sides continuously. What they do, how they are paid, and when they…