1 year ago
Luxor has launched the archetypal ever ASIC RFQ level with the extremity of maximized marketplace transparency and access.
Luxor Technologies, a full-stack Bitcoin mining bundle and services company, has launched the archetypal request-for-quote (RFQ) level for buying and selling Bitcoin mining hardware.
The property merchandise sent to Bitcoin Magazine describes what an RFQ level is, saying “An RFQ is simply a marketplace wherever users tin make orders (requests) for circumstantial items. Luxor’s double-sided RFQ allows some buyers and sellers to make requests for Bitcoin mining ASICs.”
The thought is that it volition make a much liquid and casual to usage marketplace for ASICs — specialized machines specifically built to excavation bitcoin. According to the release, “Using an open-bid system, ASIC traders tin spot requests and negociate prices directly, improving terms find and expanding liquidity successful the secondary market.”
Prior to this market, ASIC traders person struggled with a fragmented and opaque over-the-counter market. This strategy volition theoretically amended the transparency of the market, portion allowing for easier entree and much precise marketplace pricing. ASIC brokers volition signifier the backbone of marketplace makers connected the platform, and they volition beryllium capable to leverage it to summation their woody travel and facilitate much transactions.
“We built Luxor RFQ due to the fact that we saw the request for a unified level for trading Bitcoin mining hardware,” Luxor Operations Manager Lauren Lin commented. “Before, buyers and sellers relied connected a patchwork of venues to bargain and merchantability mining hardware. Now, they tin observe offers, listings, and colony prices each successful 1 place, which improves pricing transparency and expedites the mining hardware procurement process.”
The RFQ level volition connection large flexibility to buyers, allowing them to specify orders by quantity, condition, exemplary type, determination and more. In summation to this, sellers volition beryllium capable to mix-and-match models from antithetic manufacturers successful their orders. The platform’s auction-style bidding process volition payment sellers and brokers.
Luxor states that it is committed to transparency, saying that “Platform fees are transparent and measurement based truthful that marketplace makers tin transact successful a larger, much profitable way.”.
Bitcoiners funny successful learning much astir Luxor’s RFQ, tin sojourn the RFQ website oregon interaction the institution at: [email protected].
English (US) 