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What Is RFQ and How It Changes Trading on DEXs

RFQ (Request for Quote) is a type of trading based on quotes. In an RFQ, a buyer or seller requests quotes from one or more sources to find the best price. This can be an OTC transaction in which a buyer or seller interacts with a market maker directly, or it can be a transaction conducted on a formal exchange that services the RFQ process for both parties.
Oct, 23, 2023
2 min read
by CryptoRank