I highly doubt CEXs do those unnecessary conversions, when the order book already has the data they need to execute teades. Simply a bunch of offers and a bunch of takers, with different sizes and different price points, neither side having any interest in USD here, constantly matching their order lots between eg BTC & XMR or whatever..
Even shitty engineers would need to put in legitimate effort to be that wastefu & it presents a big risk of slippage if the conversions aren't 100% realtime. (It's certainly not impossible)
AbstractEquilibrium / Abstract Equilibrium
npub17f…w5ksh
2024-09-05 23:41:36
in reply to nevent1q…7kyk
Author Public Key
npub17fnzd22p3xu5tg8sz343d38c5m8dxxe4npyyx0akxphc6mhvxessuw5kshPublished at
2024-09-05 23:41:36Event JSON
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