• Luxor Technologies has launched the first RFQ (Request-for-Quote) platform for buying and selling Bitcoin mining hardware.
• The platform will create a more liquid and easier to use marketplace for ASICs, improve market transparency, increase liquidity in the secondary market, and facilitate more transactions.
• Using an open-bid system, buyers and sellers can place requests for specific items and negotiate prices directly on the platform.
Luxor Launches Bitcoin Mining ASIC Platform
Luxor Technologies has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware. The goal of this new platform is to create a more liquid and easy to use marketplace for ASICs—specialized machines specifically built to mine bitcoin—in order to improve market transparency, increase liquidity in the secondary market, and facilitate more transactions.
Double Sided RFQ System
Using an open-bid system, ASIC traders can place requests and negotiate prices directly within Luxor’s double sided RFQ system, which allows both buyers and sellers to create requests for Bitcoin mining ASICs. Sellers will be able to mix-and-match models from different manufacturers in their orders while buyers can specify orders by quantity, condition, model type, location and more. In addition to this improved flexibility of choice, brokers will also be able to leverage this new system in order to increase their deal flow.
Transparency & Lower Fees
Luxor is committed to providing transparency within its RFQ platform as well as lower fees. Platform fees are transparent and volume based so that market makers can transact in a larger way with higher profits than before this system was created.
Improved Pricing Transparency & Increased Liquidity
Prior to this new market structure there were struggles with a fragmented and opaque over-the counter markets leading many traders unable find reliable pricing or liquidity when looking into buying or selling their ASICs miner hardware on the secondary markets. Now they have access too price discovery through improved pricing transparency as well as increased liquidity due too this new unified trading platform provided by Luxor technologies allowing them access all of these features within one centralized hub instead of having it spread out across multiple locations.
Contact Luxor On Their Website For More Information
Bitcoiners interested int learning even more about Luxor’s RFQ Platform can visit the RFQ website or contact the company at: email@example.com