Luxor has launched the primary ever ASIC RFQ platform with the objective of maximized market transparency and entry.
Luxor Applied sciences, a full-stack Bitcoin mining software program and companies firm, has launched the primary request-for-quote (RFQ) platform for getting and promoting Bitcoin mining {hardware}.
The press launch despatched to Bitcoin Journal describes what an RFQ platform is, saying “An RFQ is a market the place customers can create orders (requests) for particular objects. Luxor’s double-sided RFQ permits each consumers and sellers to create requests for Bitcoin mining ASICs.”
The concept is that it’s going to create a extra liquid and straightforward to make use of market for ASICs — specialised machines particularly constructed to mine bitcoin. Based on the discharge, “Utilizing an open-bid system, ASIC merchants can place requests and negotiate costs immediately, enhancing value discovery and rising liquidity within the secondary market.”
Previous to this market, ASIC merchants have struggled with a fragmented and opaque over-the-counter market. This technique will theoretically enhance the transparency of the market, whereas permitting for simpler entry and extra exact market pricing. ASIC brokers will kind the spine of market makers on the platform, and they’re going to be capable of leverage it to extend their deal stream and facilitate extra transactions.
“We constructed Luxor RFQ as a result of we noticed the necessity for a unified platform for buying and selling Bitcoin mining {hardware},” Luxor Operations Supervisor Lauren Lin commented. “Earlier than, consumers and sellers relied on a patchwork of venues to purchase and promote mining {hardware}. Now, they will observe presents, listings, and settlement costs multi function place, which improves pricing transparency and expedites the mining {hardware} procurement course of.”
The RFQ platform will supply main flexibility to consumers, permitting them to specify orders by amount, situation, mannequin sort, location and extra. Along with this, sellers will be capable of mix-and-match fashions from totally different producers of their orders. The platform’s auction-style bidding course of will profit sellers and brokers.
Luxor states that it’s dedicated to transparency, saying that “Platform charges are clear and quantity primarily based in order that market makers can transact in a bigger, extra worthwhile approach.”.
Bitcoiners considering studying extra about Luxor’s RFQ, can go to the RFQ web site or contact the corporate at: gross sales@luxor.tech.
