Namaste Tribe! We know that you love surprises, so here’s one for the high volume traders on WazirX P2P who want to execute their trades faster! Say hello to WazirX’s newest feature — XID order book!
What is it?
It’s an innovative way for high volume traders to execute their P2P orders in the least number of trades! How? Well, keep reading. XID order book displays orders with volume of at least 500 USDT, i.e., high-volume orders only.
If you have an XID, and you place a buy or sell order of minimum 500 USDT on WazirX P2P, your order will appear in the XID order book. This will give more power to you, and increase the chances of your maker order getting matched with similar high volume taker orders!
XID order book = XID + High volume trades + Faster execution 💣
How does it work?
Let’s say you place a sell order of 600 USDT on WazirX P2P and your XID is “nakamoto”:
- Your sell order will appear along with your XID in the XID order book
- Traders looking to buy over 500 USDT in less number of trades will spot your order and match with you
- If you end up selling 500 USDT out of the 600 USDT, the remaining 100 USDT will be hidden from the XID order book. It will continue to be visible in the P2P order book along with the rest orders.
XID order book will bring a huge relief to high volume traders, and we’re super excited about you using it! Read more about it our Helpdesk article.
What do you think of this feature? Let us know in the comments below.
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
