SSRNCrypto & DeFi
Market Effects of Order Flow in Crypto
Analysis indicates that payment for order flow in crypto markets increases trading costs and reduces volumes, especially for assets beyond Bitcoin and Ethereum, after new tokens are introduced.
Featured in No. 121 on 1 Dec 2025 ·
- Released
- 28 Oct 2024
- First featured
- No. 121 · 1 Dec 2025
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 332
- Identifier
- SSRN 4961610
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