✨Trading Platforms
Spot trading
The way spot order PnL is tracked on BBankcrypto differs from what you have likely experienced on other exchanges. Instead of only displaying your tokens in a wallet, spot orders also have their PnL tracked live in the ‘Portfolio’ widget on your dashboard, similar to how a leveraged order would traditionally be tracked. This allows you to observe real-time gains or losses and close positions more efficiently, however, don’t fret - there is still no liquidation price on 1x spot trading.
BBankcrypto has a spot trading fee structure based on the number of BBankcrypto tokens you stake. Without staking BBankcrypto tokens, BBankcrypto offers highly competitive fees, however, 1,800 tokens staked bring any non-API user a low fee for both maker and taker orders. Not all users elect to stake for zero fees. Some are content to pay the low fees on BBankcrypto.
How does low-fee trading work?
BBankcrypto adopts a Payment for Order Flow (PFOF) model, which is frequently used by traditional brokers such as Robinhood and WeBull. In this model, the brokers get compensated by market makers for directing their order flow. Although BBankcrypto acts as a broker in the PFOF model, the model has been significantly adapted to provide greater transparency regarding pricing, order execution, and data privacy.
Traditional low-fee platforms do not provide an order book upon which orders are executed. This may lead to concerns about front-running practices and poor trading execution. BBankcrypto differentiates itself by providing a transparent order book along with market prices and spreads competitively in line with global markets.
At the end of the day, users trading on BBankcrypto would still experience the same, if not better, order execution relative to other top exchanges and enjoy the benefits of low-fee trading.
Margin trading
A margin is a tool for taking larger positions with fewer funds held on the platform. Margin is a subset of leverage where the platform lends money to the user. This enhances both gains and losses so should be used only after fully understanding the risks.
Currently, the only leveraged trading available on BBankcrypto is spot margin. Spot margin trading on BBankcrypto allows to enable up to 5x borrowing power. Unlike in derivatives (futures and perpetual swaps) trading where users are buying/selling contracts speculating on the future price of an underlying asset, leveraged trading on BBankcrypto allows users to borrow funds for spot trading. When margin trading is enabled, you can increase your buying power up to 5x. Your ‘buying power' is the sum of your collateral and shows your maximum possible position size based on the leverage you choose.
Last updated