CryptoSlate, citing Fillable: Simulating a $10,000 round-trip trade on COINx yields a bid-ask spread of approximately $303.
According to CryptoSlate, citing research by Fillable on Solana stock tokens from November 3 to 9, simulating $10,000 round-trip trades during U.S. regular trading hours showed that COINx had a quote spread of approximately $303, accounting for about 3%, while SPYx was around $20.60. The calculations incorporate pool fees and price impact, but exclude all costs such as network fees, nor do they represent executed trade bills. Results across different assets, venues, trade sizes, and time periods are not directly interchangeable.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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