With all-new features and improvements at SpectroCoin, we strive to provide the best experience possible for our clients. Today, we are happy to say that we expect more liquidity for the SpectroCoin Pro platform. This will allow buying or selling an asset without affecting its market price.
If you are not familiar with liquidity…
Liquidity is used to describe when an asset can be converted into cash without affecting its market price. Since SpectroCoin Pro is a platform focusing on cryptocurrencies, this bigger liquidity is represented in the ability of a coin to be easily and quickly converted into cash or other currencies.
Low liquidity means that market volatility is present, which can cause spikes in cryptocurrency prices. On the other hand, high liquidity means there is a stable market with few fluctuations in price. This makes it easier to buy or sell in a liquid market.
It matters because…
It allows users to buy and sell assets at fair prices. Higher liquidity makes it so the prices can be improved due to the marketplace’s larger number of buyers and sellers. This also would lead to prices that are more stable and less prone to significant swings.
More liquidity will be possible by…
Having a market maker who will place limit orders at prices other than the market price. Thus this will lead to such orders not being filled immediately but still being included in the order book, providing volume to the market.
They will provide liquidity for exchange users – the ability to buy or sell one asset without affecting its market price. This ability is vital in markets with considerably high volatility, such as the cryptocurrency market.
Trading at SpectroCoin Pro because…
Transfers between SpectroCoin and SpectroCoin Pro wallets are free and instant. Hence, with just a single SpectroCoin account, users can benefit from a unique trading experience, transfer their holdings between wallets in seconds, and choose from several traditional and crypto payment options.
More liquidity at SpectroCoin Pro in these markets: BTC/USDT, ETH/USDT, XRP/USDT, BTC/EUR, ETH/EUR. Cryptocurrency exchange for traders on SpectroCoin Pro.
We hope this blog post was helpful. For more blogs be sure to head over to the SpectroCoin blog.
If you have any questions regarding cryptocurrencies supported at SpectroCoin, don’t hesitate to contact our customer support through the LiveChat bubble available on our website or drop an email at [email protected].