1. Real-time Price
Sparrow is closely connected with all major CeFi and DeFi exchanges, providing competitive ask/bid quotes.
2. Price History
For major currencies with long trading history, Sparrow extracts their price history from credible third-parties such as Coinmarket, CoinGecko, Binance, Huobi Global, etc.
3. Pricing Currencies Supported
Sparrow CNF Pro trading supports USDⓈ, USDT, and BTC as pricing currencies. On Sparrow, all USD assets, including USDC, USDP, TUSD, and BUSD, will be denominated in USDⓈ.
4. Service Fee & Rate
(1) service fees are charged in both directions (buy and sell).
(2) Service fees are charged as a percentage of acquired assets.
(3) Service fee rate: 0.05%.
For example:
(1) The user buys BTC with USDT, service fees will be charged on the received BTC.
(2) The user sells BTC to get USDT, services fees will be charged on the received USDT.
5. Order Customization
Place an order by the amount or price.
For example:
(1) For BTC/USD, the user may choose to place an order by amount to buy or sell 1 BTC.
(2) For BTC/USD, the user may choose to place an order by price to buy or sell 100 USD worth of BTC.
6. Abnormalities
(1) When the risk control threshold is reached, open orders may be canceled by the platform.
(2) Insufficient balance will result in the cancellation of conditional orders.