• Luxor Technologies has launched the first ever request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.
• The goal of this platform is to create a more liquid and easy to use marketplace for ASICs, with improved transparency and access.
• Market makers will be able to leverage it to increase their deal flow and facilitate more transactions.
Luxor Launches First Ever ASIC RFQ Platform
Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware. The idea is that it will create a more liquid and easy to use marketplace for ASICs — specialized machines specifically built to mine bitcoin. This system will theoretically improve the transparency of the market, while allowing for easier access and more precise market pricing.
Goal of Maximized Market Transparency & Access
The goal of this platform is to create a more liquid and easy to use marketplace for ASICs, with improved transparency and access. Prior to this market, ASIC traders have struggled with a fragmented and opaque over-the-counter market. Using an open-bid system, ASIC traders can place requests and negotiate prices directly, improving price discovery and increasing liquidity in the secondary market.
Benefits For Buyers & Sellers
The RFQ platform will offer major flexibility to buyers, allowing them to specify orders by quantity, condition, model type, location and more. In addition to this, sellers will be able to mix-and-match models from different manufacturers in their orders. The platform’s auction-style bidding process will benefit sellers and brokers as well as buyers who can observe offers, listings, and settlement prices all in one place which improves pricing transparency expedites the mining hardware procurement process.
Market Makers Leverage Platform To Increase Deal Flow
Market makers on the platform will be able to leverage it to increase their deal flow facilitating more transactions with transparent fees that are volume based so they can transact in larger quantities at higher profits margins than what was available previously on existing platforms.. Luxor Operations Manager Lauren Lin commented „We built Luxor RFQ because we saw the need for a unified platform for trading Bitcoin mining hardware.“
Learn More On Request For Quote Website
Bitcoiners interested in learning more about Luxor’s RFQ can visit their website or contact them at: sales@luxor.tech