Luxor Launches World’s First RFQ Platform For ASIC

Luxor has launched the first-ever request-for-quote platform where miners can buy or sell Bitcoin mining hardware. This marketplace will promote transparency and increased market liquidity.‍
Dot
February 1, 2023
Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

TABLE OF CONTENTS
Nick Hansen; Photo Source: LinkedIn

Bitcoin mining firm, Luxor, has launched the first-ever request-for-quote (RFQ) platform for trading Bitcoin mining hardware. The aim is to ensure maximum market transparency and access. 

Announcing this in a Twitter post, Luxor stated that the RFQ platform had been launched for application-specific integrated circuit (ASIC) miners.

In the past, buyers and sellers struggled with an opaque over-the-counter market, depending on a patchwork of venues to trade mining hardware. However, there is now a unified platform where they can see listings, offers, and settlement prices. 

An RFQ serves as a marketplace where users create orders for specific items. With Luxor’s double-sided RFQ, buyers and sellers can request Bitcoin mining ASICs. 

This idea is to create a more liquid and easy-to-use marketplace for ASIC miners. With this open-bid system, traders can directly request and negotiate prices, improving price discovery and increasing market liquidity. 



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Luxor also stated that ASIC brokers would form the backbone of market makers on the platform. They can leverage it to increase their deal flow and facilitate more transactions.

The RFQ platform also provides flexibility for buyers, allowing them to specify orders by quantity, condition, location, and model type. Sellers can mix and match models from different manufacturers in their orders. Hence, the platform benefits everyone. 

According to a statement by Luxor, 

“Platform fees are transparent and volume based so that market makers can transact in a larger, more profitable way.”

It is worth knowing that brokers can now sign up for the platform. Luxor earns a commission anytime a buyer or seller responds to a request. This is to facilitate market-making on the forum.

Luxor Launches World’s First RFQ Platform For ASIC

HomeCrypto Mining
Contents
Nick Hansen; Photo Source: LinkedIn

Bitcoin mining firm, Luxor, has launched the first-ever request-for-quote (RFQ) platform for trading Bitcoin mining hardware. The aim is to ensure maximum market transparency and access. 

Announcing this in a Twitter post, Luxor stated that the RFQ platform had been launched for application-specific integrated circuit (ASIC) miners.

In the past, buyers and sellers struggled with an opaque over-the-counter market, depending on a patchwork of venues to trade mining hardware. However, there is now a unified platform where they can see listings, offers, and settlement prices. 

An RFQ serves as a marketplace where users create orders for specific items. With Luxor’s double-sided RFQ, buyers and sellers can request Bitcoin mining ASICs. 

This idea is to create a more liquid and easy-to-use marketplace for ASIC miners. With this open-bid system, traders can directly request and negotiate prices, improving price discovery and increasing market liquidity. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Luxor also stated that ASIC brokers would form the backbone of market makers on the platform. They can leverage it to increase their deal flow and facilitate more transactions.

The RFQ platform also provides flexibility for buyers, allowing them to specify orders by quantity, condition, location, and model type. Sellers can mix and match models from different manufacturers in their orders. Hence, the platform benefits everyone. 

According to a statement by Luxor, 

“Platform fees are transparent and volume based so that market makers can transact in a larger, more profitable way.”

It is worth knowing that brokers can now sign up for the platform. Luxor earns a commission anytime a buyer or seller responds to a request. This is to facilitate market-making on the forum.

Chiagoziem Bede Ikwueze

Chiagoziem has gathered a wealth of experience, having worked for many prominent crypto-based businesses, including Revain, Whiteboard Crypto, DeRev, The Crypto Cartel, Crypto News, MoneySwitch, Full Value Dan, and Bitcompare. Over the past couple of years, his works have been featured in many publications and places. When he is not writing, he spends time working on his other digital businesses, playing video games, reading books, watching movies, and most importantly, enjoying quality time with loved ones.

Bitcoin mining firm, Luxor, has launched the first-ever request-for-quote (RFQ) platform for trading Bitcoin mining hardware. The aim is to ensure maximum market transparency and access. 

Announcing this in a Twitter post, Luxor stated that the RFQ platform had been launched for application-specific integrated circuit (ASIC) miners.

In the past, buyers and sellers struggled with an opaque over-the-counter market, depending on a patchwork of venues to trade mining hardware. However, there is now a unified platform where they can see listings, offers, and settlement prices. 

An RFQ serves as a marketplace where users create orders for specific items. With Luxor’s double-sided RFQ, buyers and sellers can request Bitcoin mining ASICs. 

This idea is to create a more liquid and easy-to-use marketplace for ASIC miners. With this open-bid system, traders can directly request and negotiate prices, improving price discovery and increasing market liquidity. 



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Luxor also stated that ASIC brokers would form the backbone of market makers on the platform. They can leverage it to increase their deal flow and facilitate more transactions.

The RFQ platform also provides flexibility for buyers, allowing them to specify orders by quantity, condition, location, and model type. Sellers can mix and match models from different manufacturers in their orders. Hence, the platform benefits everyone. 

According to a statement by Luxor, 

“Platform fees are transparent and volume based so that market makers can transact in a larger, more profitable way.”

It is worth knowing that brokers can now sign up for the platform. Luxor earns a commission anytime a buyer or seller responds to a request. This is to facilitate market-making on the forum.

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Chiagoziem Bede Ikwueze