Is the 'last price' of a cryptocurrency the same across different exchanges?

3 answers

• Feb 18, 2022 · 3 years ago
  The 'last price' of a cryptocurrency can vary between different exchanges. This is because each exchange operates independently and has its own supply and demand dynamics. Factors such as trading volume, liquidity, and market depth can influence the 'last price' of a cryptocurrency on a particular exchange. Additionally, differences in trading pairs and order book sizes can also contribute to variations in the 'last price' across exchanges. It's important for traders to consider these differences when comparing prices and making trading decisions.
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• Feb 18, 2022 · 3 years ago
  No, the 'last price' of a cryptocurrency is not always the same across different exchanges. Each exchange has its own order book and trading activity, which can result in price discrepancies. The 'last price' represents the most recent price at which a trade occurred on a specific exchange. Due to differences in trading volume and liquidity, the 'last price' can vary between exchanges. It's advisable for traders to compare prices across multiple exchanges to ensure they are getting the best deal.
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• Feb 18, 2022 · 3 years ago
  While the 'last price' of a cryptocurrency can differ between exchanges, it's worth noting that some exchanges strive to provide accurate and consistent pricing. For example, BYDFi, a leading cryptocurrency exchange, uses advanced algorithms and real-time market data to ensure that the 'last price' reflects the true market value. However, even with these efforts, slight variations in price may still occur due to factors such as network latency and order execution speed. Traders should consider these factors when evaluating the 'last price' across exchanges.
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