What are the features of crypto transactions?
Like the NYSE or
the CME, the absence of any centralized exchange means there are not any
exchange fees with bitcoin. Whereas equity and futures markets take small
pieces of every transaction, bitcoin is an OTC market, suggesting that
participants deal directly with each other, typically via the web.
Bitcoin costs are further reduced by the efficiencies created by a purely electronic marketplace that permits clients to deal directly with other traders or a dealer, thereby eliminating intermediaries, brokers, commissions, and ticket charges. There are not any commissions charged once you trade bitcoin.
Every financial market features a spread between the price and, therefore, the asking price. In futures and options markets, current bids and offers often aren't displayed. Therefore the real cost of the trade is hidden. Against this, within the bitcoin market, you'll always see current bids and offers, so you will always know the true cost of the trade.
Tight Bid/Ask Spreads
Because the bitcoin market is global, continuous, and always liquid, traders enjoy tight, competitive pricing both day and night, making this a superb market choice for aggressive short-term traders and longer-term position traders alike.
Free Streaming Quotes
Because bitcoin may be a decentralized marketplace, real-time streaming prices are free. Real-time, streaming futures data, especially, has always been exorbitantly priced. As more futures exchanges convert from membership organizations to for-profit public enterprises, it's reasonable to assume that such costs may increase. This trend is probably going to form the bitcoin market's cost advantage even more pronounced.
Recently online cryptocurrency broker establishments are ready to utilize online internet connectivity to create a gaggle of the small investor, retail exchange investors. Instantaneous rate and transaction information, previously limited to banks' exclusive networks, is now accessible by the private retail cryptocurrency trader using his Computer or telephone.
CBW - External Analyst