Luxor Technologies Launches The First Bitcoin Mining ASIC Request-for-Quote Platform

Luxor has launched the primary ever ASIC RFQ platform with the purpose of maximized market transparency and entry.

Luxor Applied sciences, a full-stack Bitcoin mining software program and companies firm, has launched the primary request-for-quote (RFQ) platform for getting and promoting Bitcoin mining {hardware}.

The press launch despatched to Bitcoin Journal describes what an RFQ platform is, saying “An RFQ is a market the place customers can create orders (requests) for particular gadgets. Luxor’s double-sided RFQ permits each consumers and sellers to create requests for Bitcoin mining ASICs.”

The thought is that it’s going to create a extra liquid and simple to make use of market for ASICs — specialised machines particularly constructed to mine bitcoin. In line with the discharge, “Utilizing an open-bid system, ASIC merchants can place requests and negotiate costs straight, enhancing worth discovery and rising liquidity within the secondary market.”

Previous to this market, ASIC merchants have struggled with a fragmented and opaque over-the-counter market. This technique will theoretically enhance the transparency of the market, whereas permitting for simpler entry and extra exact market pricing. ASIC brokers will kind the spine of market makers on the platform, and they’ll be capable of leverage it to extend their deal stream and facilitate extra transactions.

“We constructed Luxor RFQ as a result of we noticed the necessity for a unified platform for buying and selling Bitcoin mining {hardware},” Luxor Operations Supervisor Lauren Lin commented. “Earlier than, consumers and sellers relied on a patchwork of venues to purchase and promote mining {hardware}. Now, they will observe gives, listings, and settlement costs multi function place, which improves pricing transparency and expedites the mining {hardware} procurement course of.”

The RFQ platform will supply main flexibility to consumers, permitting them to specify orders by amount, situation, mannequin kind, location and extra. Along with this, sellers will be capable of mix-and-match fashions from totally different producers of their orders. The platform’s auction-style bidding course of will profit sellers and brokers.

Luxor states that it’s dedicated to transparency, saying that “Platform charges are clear and quantity based mostly in order that market makers can transact in a bigger, extra worthwhile manner.”.

Bitcoiners involved in studying extra about Luxor’s RFQ, can go to the RFQ web site or contact the corporate at: gross

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button