Coinbase stock lost over 75% value

Re:Coinbase stock lost over 75% value by londons_explore on Tuesday May 10, 2022 @05:57AM (#31325261)

The counterparty for the bid price, and the counterparty for the ask price are commonly the same person.

So when you execute both trades, you are putting a literal $20 into their pocket.

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Re:Coinbase stock lost over 75% value by dchftcs on Tuesday May 10, 2022 @09:13AM (#31326702)

Then just don't execute both trades... and everyone can quote on the current bid or the ask price, you should do it too if you're afraid of crossing the spread.

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Re:Coinbase stock lost over 75% value by shahmeern on Tuesday May 10, 2022 @10:58AM (#31327900)

That's fair but calling it a fee is disingenuous, especially considering your contrived scenario of buying and then immediately selling

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