The GBBOTM trading platform identifies the best available price within connected exchanges, after accounting for FX conversion and node fees. The example below illustrates how end-customers can benefit from GBBOTM pricing.
Example: John wants to sell his 1 BTC for the best available price in his local fiat currency, USD.
Sell on a US exchange on BTC/USD trading pair, which has a current bid price of $47,700.00 John can place a Sell order and receive $47,661.84 after incurring =0.08% in trading fees.
Net Proceeds: $47,661.84
Sell on Apifiny. Apifiny’s trading algorithms will search within its network of exchanges across multiple fiat currency trading pairs to find John the highest available bid value across all fiat currencies. Once Apifiny executes John’s order against that bid, Apifiny will convert the proceeds back to USD. The conversion might happen via one or several trades.
For example, John’s Sell order on Apifiny was executed by:
Although three trades were executed to convert John’s BTC to USD on Apifiny’s network of connected global exchanges, he would receive $858.22 (+1.8%) more by trading on Apifiny than by trading on a single exchange.
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