Multi-Provider Routing Boosts Price Discovery in Crypto Swaps
Crypto swap rates can vary significantly across different providers due to factors such as liquidity, spreads, network costs, routing, and market conditions.
A crypto swap aggregator addresses this issue by bringing multiple quotes into one place, allowing users to compare and choose the best option for their transaction.
This process involves multi-provider routing, where the aggregator polls providers based on user input, checks route availability, compares quotes by expected output, and presents available routes for selection.
The user can then evaluate factors such as expected output, network, rate type, limits, and provider conditions before selecting an offer.