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5 votes

Why is the USD spread of the order book on GDAX kept very low most of the time?

GDAX offers 0% fee to maker (traders who's trades are being matched by a seller or buyer). That incentives traders to try to match bid and ask as close as possible thus reducing spreads.
alcio's user avatar
  • 1,274
3 votes

Why is the USD spread of the order book on GDAX kept very low most of the time?

That's how market making works. GDAX has 0% for them, so is very attractive for liquidity providers. I'm trying to be one of them, and I don't really care where the market is, as long as I can get rid ...
Ariel Silahian's user avatar
2 votes

How to buy 1,000,000 BTC

First, realize theres no way to get that much btc without significantly moving the price higher. Essentially, your goal is to source as much liquidity as you can from as many sources as you can. That'...
hedgedandlevered's user avatar
2 votes
Accepted

Owning bitcoins: does it really make one rich or not?

If Bob tried to sell all of his $900,000,000 worth of bitcoin in one big market order, it would probably take a long time for his order to get filled and he may significantly move the market. If he ...
Murch's user avatar
  • 76k
1 vote

Owning bitcoins: does it really make one rich or not?

In this sense, he does not really have 900,000,000 dollars and is not really that rich. This would be the sense in which someone with 14 tonnes of gold does not have 900,000,000 dollars and is not ...
RedGrittyBrick's user avatar
1 vote

How to buy 1,000,000 BTC

It is difficult to ascertain exactly how many bitcoins there are for sale at any moment. We have estimates on how much bitcoin there is on exchanges (2.26 million BTC on July 5, 2023 by Glassnode), ...
Vojtěch Strnad's user avatar

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