CEX.IO improves platform with tighter order book, near-zero spread

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As an analyst with over a decade of experience in the dynamic world of cryptocurrencies, I find the recent update by CEX.IO highly intriguing and beneficial for traders. The enhanced liquidity aggregation engine not only tightens the order book but also minimizes price discrepancies, which is music to every trader’s ears. The near-zero spreads on most trading pairs promise lower transaction costs and a more stable trading experience, a win-win situation in today’s volatile market.

CEX.IO has shared news about enhancing their liquidity system, which now provides access to more diverse external resources for better trading opportunities.

According to a recent press announcement, the upgrade improves the arrangement of buy and sell orders, reduces price differences between bids and asks, and offers minimal spreads on numerous cryptocurrency pairs. In simpler terms, this means that traders can expect reduced fees for transactions and a smoother trading journey due to tighter pricing and more consistent market conditions.

In simpler terms, liquidity here means how quickly and smoothly an asset can be traded without causing a big change in its value. In the world of cryptocurrencies, trading platforms frequently bring in liquidity from outside sources to make sure their prices follow worldwide market patterns.

With its enhanced system, CEX.IO gathers resources from various markets to execute trades at the most favorable rates. This results in minimized price discrepancies between anticipated and actual transaction prices, often referred to as ‘slippage’.

In contrast to past cycles, this one is exceptionally dynamic. The market fluctuations are extremely intense, and fresh chances seem to appear and vanish at a breakneck pace…Our advanced liquidity pooling characteristics aim to provide the ease, openness, and understanding that modern traders now demand.

Rich Evans, Managing Director at CEX.IO 

Spot trading and leveraged margin trading

After the launch of the updated engine, CEX.IO has moved up to rank among the top five centralized exchanges in terms of liquidity at a 2% depth, an essential indicator of trading efficiency, as per data provided by Kaiko.

The update is available for spot trading across all jurisdictions where CEX.IO operates, including the U.S. and the European Economic Area. It also supports leveraged margin trading in select regions, such as the Philippines, Jamaica, and South Africa, in compliance with local regulations.

CEX.IO restarted its services in the U.K. in September following a ten-month halt, adhering to the Financial Conduct Authority’s (FCA) guidelines after the 2023 Financial Promotions policy. The platform, registered through Gateway 21, currently provides access to 190 different digital assets and is still awaiting FCA registration for anti-money laundering purposes.

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2024-11-20 18:27