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

Luxor has actually released the first ever ASIC RFQ platform with the goal of taken full advantage of market transparency and gain access to. Luxor Technologies, a full-stack Bitcoin mining software and services business, has actually launched the very first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.The press release sent out to Bitcoin Magazine explains what an RFQ platform is, saying “An RFQ is a marketplace where users can produce orders (demands) for particular products. Bitcoiners interested in finding out more about Luxors RFQ, can visit the RFQ website or contact the company at: sales@luxor.tech.

Luxor has actually introduced the very first ASIC RFQ platform with the goal of optimized market transparency and access. Luxor Technologies, a full-stack Bitcoin mining software and services business, has released the first request-for-quote (RFQ) platform for trading Bitcoin mining hardware.The press release sent to Bitcoin Magazine explains what an RFQ platform is, saying “An RFQ is a market where users can develop orders (requests) for particular products. Luxors double-sided RFQ permits both sellers and purchasers to develop demands for Bitcoin mining ASICs.”The concept is that it will produce a more liquid and simple to use marketplace for ASICs– specialized makers particularly constructed to mine bitcoin. According to the release, “Using an open-bid system, ASIC traders can position demands and negotiate costs straight, improving rate discovery and increasing liquidity in the secondary market.”Prior to this market, ASIC traders have actually battled with a fragmented and opaque over-the-counter market. This system will theoretically improve the transparency of the market, while enabling easier access and more accurate market prices. ASIC brokers will form the backbone of market makers on the platform, and they will be able to take advantage of it to increase their deal circulation and help with more transactions.”We constructed Luxor RFQ since we saw the requirement for a merged platform for trading Bitcoin mining hardware,” Luxor Operations Manager Lauren Lin commented. “Before, buyers and sellers relied on a patchwork of venues to sell and buy mining hardware. Now, they can observe deals, listings, and settlement costs all in one location, which improves rates openness and speeds up the mining hardware procurement procedure.”The RFQ platform will use major versatility to purchasers, permitting them to define orders by quantity, condition, model type, location and more. Sellers will be able to mix-and-match designs from different makers in their orders. The platforms auction-style bidding procedure will benefit sellers and brokers. Luxor states that it is dedicated to transparency, saying that “Platform charges are transparent and volume based so that market makers can negotiate in a larger, more profitable way.”. Bitcoiners interested in discovering more about Luxors RFQ, can visit the RFQ site or call the business at: sales@luxor.tech.