• Luxor Technologies has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.
• This system will create a more liquid, easy to use marketplace for ASICs, while improving market transparency and access.
• The platform will offer major flexibility to buyers and sellers, allowing them to specify orders by quantity, condition, model type, location and more.
Luxor Launches First Ever ASIC RFQ Platform
Luxor Technologies has launched the first ever request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware with the goal of maximized market transparency and access. 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.
Goal: Improved Market Access & Transparency
The idea behind this move is that it will create a more liquid and easy to use marketplace for ASICs — specialized machines specifically built to mine bitcoin. Using an open-bid system, ASIC traders can place requests and negotiate prices directly, improving price discovery and increasing liquidity in the secondary market. Prior to this market, ASIC traders have struggled with a fragmented and opaque over-the-counter market — so this new system should improve the transparency of the market while allowing for easier access and more precise pricing information.
Benefits For Sellers & Brokers
ASIC brokers will form the backbone of market makers on the platform, leveraging it to increase their deal flow and facilitate more transactions. The RFQ platform will also offer major flexibility to buyers, allowing them to specify orders by quantity, condition, model type, location and more; while sellers will be able to mix-and-match models from different manufacturers in their orders through its auction style bidding process.
Commitment To Transparency
Luxor is committed to providing transparent fees on its platform – they are volume based so that market makers can transact in a larger way that is profitable as well as efficient.
For those interested in learning more about Luxor’s RFQ Platform or contacting them regarding services offered on their platform can do so through their website or emailing email@example.com