Idea: Blind Bulk Trading

[coinsolidation]

Idea:

• no visible order books
• bulk amounts only
• enter buy/sell, amount, currency offered, currency required, rate per x-units
• if the trade matches an existing offer it's settled
• where there is a difference in buy/sell price a mid price is automatically selected so both traders benefit

Comments? anybody want this service?

[1714121999]

1714121999

[Altcoin Agent]

Idea:

• no visible order books
• bulk amounts only
• enter buy/sell, amount, currency offered, currency required, rate per x-units
• if the trade matches an existing offer it's settled
• where there is a difference in buy/sell price a mid price is automatically selected so both traders benefit

Comments? anybody want this service?

I'm afraid it would result in zero trade volume, because people would do the smart thing and sell ridiculously high and buy super low. No orders would match up, the spread would be crazy.
A midprice ? I don't think your customers will be very happy if their order executes at a sell price 4x lower then they intended, for example.

Sorry I have nothing more positive to say, except that it's a novel idea

[coinsolidation]

I'm afraid it would result in zero trade volume, because people would do the smart thing and sell ridiculously high and buy super low. No orders would match up, the spread would be crazy.
A midprice ? I don't think your customers will be very happy if their order executes at a sell price 4x lower then they intended, for example.

Sorry I have nothing more positive to say, except that it's a novel idea

Fair points. The scenario's I was considering were more for large one off movements of coins, dark liquidity dealers, larger traders and investors swapping chunks of assets or clearing out portions of their holdings and so forth.

One clarification, the mid price would be the other way, where orders overlap say buy at 5 and sell at 3, so price would be 4.