We are slashing SPREAD prices.
As a crypto derivatives exchange, Geco.one is always looking for ways to provide its traders with the best possible experience. One key aspect of this is ensuring that our spreads are as low as possible, as this allows traders to access the market at more favourable prices and make bigger profits on their trades.
In the past, the spreads on some of our trading pairs were relatively low compared to our competitors, reaching 25 PIPS on specific pairs. This meant that traders had to pay a significant premium to access the market, which could eat into their profits and make it more difficult for them to be successful.
However, over the past few months, we have been working hard to reduce the spreads on a number of our trading pairs, including BCH/USD, SOL/USD, AVAX/USD, EOS/USD, LINK/USD, DOT/USD, and UNI/USD. As a result, we proudly announce that the spreads on these pairs have been reduced from 25 PIPS to just 15 PIPS.
So, how did we achieve such a significant spread reduction? There are a few key factors that have contributed to this success:
1. Improved liquidity: One of the main reasons that spreads can be high is a lack of liquidity in the market. By working closely with liquidity providers and implementing measures to improve liquidity on our platform, we have reduced spreads and provided our traders with more favourable prices.
2. Increased competition: By offering low spreads, we have attracted more traders to our platform, which has increased liquidity and allowed us to reduce spreads even further.
3. Advanced technology: We have also invested heavily in cutting-edge technology, including advanced algorithms and high-speed servers, which allow us to process trades more efficiently and provide our traders with the best possible prices.
4. Strong risk management: Finally, we have robust risk management processes to ensure that we can maintain low spreads while still protecting ourselves and our traders from excessive risk.
Overall, combining these factors has allowed us to significantly reduce spreads on a number of our trading pairs, providing our traders with a more favourable environment in which to trade and potentially make bigger profits.
These lower spreads will give our traders a competitive edge and help them be more successful in their trading strategies. We are always looking for ways to improve and provide the best possible service to our traders, and we will continue to work hard to reduce spreads on our platform in the future.