Limit order protocols offer more flexibility and efficiency to DEX traders
The limit order functionality is a major tool moving the segment forward, narrowing the gap between options offered by CEXs and DEXs. As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential....
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Popular bitcoin exchange Bitstamp today announced the addition of a new feature that is designed to "improve your trading experience". The company says that when traders place a limit order, they are now able to set a consecutive buying/selling order at a desired price after the first order is filled. Bitstamp says the features only available for limit orders. Traders can use it by clicking on 'Advanced', and filling in the 'Buy/Sell If Executed Price' field. Bitstamp provides the following example: - You can place a buy limit order for 1 BTC at a price of $500. - Corresponding with that....
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Bitcoin exchange Kraken recently announced that they will be reducing transaction fees incurred in trades, as they are moving towards a "maker taker" fee model. This means that market makers will be able to provide the liquidity to "takers" or traders. The company shared its revised fees in its latest blog post and said that this new model will reward market makers for providing liquidity to the bitcoin exchange market. The maker fee applies when a user adds liquidity to the Kraken order book by placing a limit buy below market price or a limit sell above market price. The maker fee is....
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The liquidity aggregator just beefed up its functionality with the Limit Order Protocol, a new tool that may have use cases beyond DEXes. Today, decentralized exchange and liquidity aggregator 1inch announce the launch of the 1inch Limit Order Protocol. The new feature boasts 5 different security audits, and will enable users to buy or sell assets at specific price targets on Ethereum, BSC, and Polygon. The new feature will also be able to interact with smart contract logic, and be able to execute orders based on oracle data. Limit orders were previously available to the DeFi ecosystem....