We are thrilled to announce the launch of the first-ever Native Multi-Currency order book.BTSE’s Native Multi-Currency order book will seek to match orders in users’ native currencies for better price efficiencies, tighter spreads, and savings on fx conversion fees.
“This is the first time in history an exchange has offered traders an opportunity to trade with users across the globe in their own native currency, without the need to pay additional fees to convert,” said Brian Wong, Co-Founder of BTSE.
BTSE’s All-In-One order book offers users the perks of multiple trading pairs and better pricing, giving them the freedom to trade crypto to crypto, crypto to fiat, and crypto to stablecoin. By combining the features of the native currency and a multi-currency order book, BTSE is bringing crypto liquidity to users around the world.
Users trading in base currency pairs that have less liquidity, such as GBP and HKD, can now leverage this native multi-currency feature to execute trades at a sub-second pace with little slippage on their orders.
In the case of conventional exchanges, every trading pair has its own order book, meaning that if you trade BTC/USD, you will be matched with users using only the BTC/USD order book. Conversely, BTSE combines the buy and sell orders for all trading pairs of each main market into one order book.
This facilitates fairer pricing, higher liquidity, and tighter spreads while saving on trading fees by side-stepping multiple transactions and connecting traditional fiat markets to the world of digital assets.
The launch of our native multi-currency order book is a welcome addition to BTSE’s suite of financial products and services that will vastly improve our users’ overall trading experience on our platform.
Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on Twitter @BTSE_Official.
Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
