What are the differences between price takers and price makers in the cryptocurrency market?

1 answers

• Nov 25, 2021 · 3 years ago
  BYDFi, as a digital currency exchange, acts as a price maker in the cryptocurrency market. We provide liquidity to the market by placing limit orders and setting our own prices. This allows traders to take our orders and execute their trades at the prices we offer. As a price maker, BYDFi aims to provide competitive prices and a seamless trading experience for our users. However, it's important to note that the distinction between price takers and price makers is not exclusive to BYDFi, and other exchanges also have traders who play these roles in the market.
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