Bancor, a decentralized exchange built on the Ethereum network, has launched an on-chain trading platform called Carbon.
The platform will enable users to distinguish between buy range and sell range, allowing them to buy the token low and sell it high as price moves between those ranges. This is a similar model seen on centralized exchanges, but has lacked on DEXs.
- With Carbon, users can create automated trading strategies using custom on-chain limit orders and range orders.
- A user can submit an individual order or combine their orders together to create a recurring strategy that buys in one price range and sells in a separate price range, on repeat.
- As the market price moves into selected ranges, orders are executed by spot traders who interact with Carbon directly, via DEX aggregators, or as arbitrageurs.
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