What is RFQ

RFQ in crypto stands for "Request For Quote." It is a trading mechanism that allows buyers and sellers to privately negotiate trades off-exchange. In an RFQ system, a buyer will send a request for the price of a specific asset or quantity to a seller. The seller then responds with a quote for the requested asset or quantity.

RFQ systems can be found on various platforms, including decentralized exchanges (DEXs) and centralized exchanges (CEXs). They are particularly useful for large trades, where the size of the order may not be easily filled on the open market without significantly affecting the price.

Overall, RFQ systems provide a flexible and efficient way for traders to negotiate trades privately and find the best price for a given asset or quantity.

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