Upbit Expands Quote Range by 2x…"Easier Slippage Management"

Bloomingbit Newsroom

Summary

Upbit announced that it has expanded the quote range from 15 quotes to 30 quotes to enhance investor convenience.
As a result, especially for large orders, slippage management becomes easier, potentially leading to cost-saving effects.
Dunamu explained that with the additional quote information, investors will be able to easily grasp liquidity with more information.

Dunamu, the operator of the domestic virtual asset exchange Upbit, announced on the 9th that it has expanded the quote range displayed on the Upbit trading screen from the previous 15 quotes to 30 quotes.

Specifically, this measure was applied to Upbit at around 3 PM on the 7th. The change concerns the number of quotes displayed on Upbit. The order execution method and quote unit remain the same as before.

Dunamu believes that this measure will enhance the convenience for Upbit users. In particular, as it allows for a wider understanding of the price range expected to be executed when submitting large orders, it can also facilitate easier slippage management, according to Dunamu. Slippage refers to the difference between the desired price and the actual executed price when placing buy or sell orders.

A Dunamu representative stated, "We expanded the quote display range so that investors can check liquidity with more information," adding, "A lot of quote information can help more clearly identify where liquidity is holding and where it is heading."

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