CEX.IO improves platform with tighter order book, near-zero spread

CEX.IO announced an update to its liquidity aggregation engine that will provide access to a wider range of external liquidity sources.

According to a press release shared with Crypto.news, this enhancement tightens the order book, minimizes price differences and provides near-zero spreads on most trading pairs. For investors, this means lower transaction costs and a more stable trading experience.

In this context, liquidity refers to how easily an asset can be bought and sold without significantly affecting its price. In the cryptocurrency market, exchanges often provide external liquidity to ensure prices are in line with global market trends.

CEX.IO’s updated engine brings together multiple liquidity sources, allowing single orders to be filled at the best available prices. This reduces slippage (the difference between expected and actual trading prices).

“This cycle is unlike any we have witnessed before. Market volatility is intense and new opportunities appear and disappear quickly… Our advanced liquidity pool features are designed to deliver the ease, transparency and clarity that today’s investors expect.”

Rich Evans, CEX.IO Managing Director

Spot trading and leveraged margin trading

Since the launch of the upgraded engine, CEX.IO has ranked among the top five centralized exchanges for liquidity at 2% depth, a critical measure of trading efficiency, according to data from Kaiko.

The update is available for spot trading in all regions where CEX.IO operates, including the US and the European Economic Area. It also supports leveraged margin trading in select regions such as the Philippines, Jamaica and South Africa, in accordance with local regulations.

CEX.IO resumed UK operations in September following a 10-month suspension in accordance with FCA guidelines following the 2023 Financial Promotions policy. Approved through Gateway 21, the platform now offers access to 190 digital assets, pending FCA anti-money laundering registration.