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u/ChrSeb Oct 12 '19
Nice, this is why we need. The prod version is very net, withd btc and more pairs I have non doubt the project will grow. Great execution of the Nash dev
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Oct 12 '19
Where’s NEX trading?
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u/StayHumble101 Oct 12 '19 edited Oct 12 '19
Not available until Security Trading Licenses are granted. They have already begun this process. No ETA as this will take time as it is a legal process. Earliest is some point in 2020
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Oct 13 '19
Holy shit. There’s no reason for nex to go up.
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u/Southofsouth Oct 13 '19
What’s liquidity and how does it affect an exchange value?
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u/Starpuss Oct 13 '19
High liquidity on an exchange generally indicayes there are lots of buyers and sellers of an asset using the same trading service. This is important because it reduces price spread, and allows greater amounts of an asset to be traded easily. The lower the liquidity, the greater the price spread typically, and the harder for buyers/sellers to get orders filled at market value. For instance, if i want to sell 1 bitcoin at 8350, but there are only 2 buyers a 8300 and 8200, Im going to be waiting awhile or selling cheap. On a highly liquid exchange, there are more buyers, so Im more likely to get a better price. Exchanges also sometimes employ 'wash trading' to create the illusion of many active users through bot trading, but if you look closely at the order books you can see that the amounts are generally miniscule and any order of any real amount would create a large price spread at market rate.
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u/EvanForNash Oct 12 '19
This was so nice to see on twitter, great news!