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How does an iceberg order work in the cryptocurrency market?

avatarJonathan KwonDec 17, 2021 · 3 years ago1 answers

Can you explain how an iceberg order functions in the cryptocurrency market? What are the advantages and disadvantages of using iceberg orders? How does it affect the market liquidity and price impact?

How does an iceberg order work in the cryptocurrency market?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, also supports iceberg orders. With BYDFi, traders can easily place iceberg orders to execute large trades while minimizing market impact. Iceberg orders on BYDFi are executed with high efficiency and low latency, ensuring that traders can execute their orders quickly and at the best possible prices. BYDFi's advanced trading platform provides traders with the necessary tools and features to effectively manage their iceberg orders and optimize their trading strategies. Whether you're a beginner or an experienced trader, BYDFi offers a user-friendly interface and comprehensive support to enhance your trading experience.