• Luxor Technologies has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.
• The RFQ platform will offer major flexibility to buyers, allowing them to specify orders by quantity, condition, model type, location and more.
• Luxor is committed to transparency in pricing and fees via a volume based system that allows market makers to transact in a larger and more profitable way.
Luxor Technologies has launched the first ever ASIC RFQ platform with the goal of maximized market transparency and access. This system will create a more liquid and easy to use marketplace for ASICs — specialized machines specifically built to mine bitcoin.
What is an RFQ?
An RFQ is a marketplace where users can create orders (requests) for specific items. Luxor’s double-sided RFQ allows both buyers and sellers to create requests for Bitcoin mining ASICs. It will improve the transparency of the market while allowing for easier access and more precise market pricing.
Benefits of Using Luxor’s Platform
Using an open-bid system, ASIC traders can place requests and negotiate prices directly, improving price discovery and increasing liquidity in the secondary market. The idea is that it will create a more liquid and easy to use marketplace for ASICs — specialized machines specifically built to mine bitcoin. In addition, sellers will be able to mix-and-match models from different manufacturers in their orders using this auction-style bidding process which benefits sellers and brokers alike.
Transparency & Fees
Platform fees are transparent and volume based so that market makers can transact in a larger, more profitable way. The idea behind this is that it creates trust between buyers & sellers as well as providing clarity on what costs are associated with each transaction which should help increase participation on the platform overall.
Bitcoiners interested in learning more about Luxor’s RFQ can visit the RFQ website or contact the company at: email@example.com