Sun. Apr 21st, 2024

•Luxor Technologies has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware.
•This platform aims to create a more liquid and easy to use marketplace while improving transparency of the market.
•The RFQ platform will offer buyers major flexibility, while sellers and brokers can benefit from its auction-style bidding process.

Introduction

Luxor Technologies, a full-stack Bitcoin mining software and services company, has launched the first request-for-quote (RFQ) platform for buying and selling Bitcoin mining hardware with the goal of maximized market transparency and access.

What is an RFQ?

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 using an open bid system which improves price discovery and increases liquidity in the secondary market.

Benefits of the Platform

The idea behind this system is to create a more liquid and easy to use marketplace for ASICs – specialized machines specifically built to mine bitcoin – while also improving the transparency of the market. ASIC brokers will form the backbone of market makers on this platform, leveraging it to increase their deal flow and facilitate more transactions. Buyers have major flexibility when creating orders by being able to specify quantity, condition, model type, location etc., while sellers have mix & match models from different manufacturers in their orders as well as benefit from the auction style bidding process offered here.

Transparency

Luxor is committed to providing transparency in their fees as they are volume based so that market makers can transact in a larger, more profitable way.

Conclusion

Bitcoiners interested in learning more about Luxor’s RFQ can visit the RFQ website or contact them at sales@luxor.tech

By admin