Claim your free €20 Bitcoin bonus now! Just verify your ID. Weekly payouts every Friday! Don't invest unless you're prepared to lose all the money you invest.

Learn how CoinJar is improving liquidity to bring you better prices

October 14, 2020
CoinJar
AuthorCoinJar
Learn how CoinJar is improving liquidity to bring you better prices

Now with 289 trading pairs available on CoinJar and 49 on CoinJar Exchange, and with new cryptocurrencies recently being listed including LINK, COMP, MKR and XLM, it’s more important than ever to provide deep liquidity and better buy/sell prices.

In September 2020, CoinJar launched an implied matching system for incoming orders with the goal to bring you better digital currency prices and improved liquidity. Please be aware that Crypto is generally very volatile, with the risk of abrupt market changes.

Over the past few weeks since launching implied matching, CoinJar has observed improved digital currency prices, especially across digital currencies with lower trading volumes.

Past performance is not a reliable indicator of future results.

What is implied matching and how does it affect you?

Implied matching allows an incoming order to be matched against a combination of resting orders in other related order books where this yields a more favourable overall price, thus improving CoinJar’s liquidity. This functionality bridges the available liquidity in different trading products and offers more trading opportunities to participants.

Data based on approximately 2 weeks before and after the launch of implied matching showed that CoinJar’s buy-sell spread between Basic Attention Token and AUD improved by 75% (from 2.16% to 0.53% on average). Improvements were also seen in other pairings such as the buy-sell spread between Bitcoin and AUD has improved by 13% (from 0.22% to 0.19%).

No action is required to benefit from implied matching. All CoinJar Exchange users are already experiencing the benefits of implied matching!

How does implied matching work?

As illustrated in the example below, within the BTC/AUD order book, a bid and an ask can be implied from BTC/USDC and USDC/AUD order books.

When a BTC/AUD buy order with a price of at least 15500 is received, the matching engine will execute against the implied order, triggering a fill against the 11310 BTC/USDC ask and the 1.370 USDC/AUD ask.

Prior to the introduction of implied matching, incoming orders were only matched against resting orders. This means that in the above example BTC/USDC and USDC/AUD orders would have to be matched against existing BTC/USDC and USDC/AUD orders respectively.

How does improved liquidity provide better prices?

Liquidity generally refers to the ability to trade a substantial amount of a financial asset at close to current market prices.

This definition has two aspects to it: efficient trading (speed) and price.

A liquid asset is one that can be sold quickly – there must always be willing buyers when sellers choose to sell. Liquidity also implies that an asset can be sold without materially affecting the market price. In other words, there must be sufficient demand to support the price during the course of the transaction.

Ultimately, a more efficient market thanks to implied matching will allow CoinJar and CoinJar Exchange users to trade at competitive prices. CoinJar will continue to monitor the effects of implied matching and continue to deliver improvements required to an increase in liquidity and efficient trading.

To learn more about crypto exchange liquidity you can visit and to learn more about implied matching you can read the .

If you have any questions, please reach out to support@coinjar.com or .


Please remember past performance is not a reliable indicator of future results. Don’t invest unless you’re prepared to lose all the money you invest. Due to the nature, complexity and volatility of crypto, it may be perceived to be a high‑risk investment. There are no government or central bank guarantees in the event something goes wrong with your investment.

CoinJar Europe Limited (CRO 720832) is registered as a VASP and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only. CoinJar Europe Limited (CRO 720832) is registered as a VASP and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.

On/Offchain

Your weekly dose of crypto news & opinion.

Join more than 150,000 subscribers to CoinJar's crypto newsletter.

Your information is handled in accordance with CoinJar’s .

More from CoinJar Blog

Opinion

July 2, 2025If Shakespeare was alive today, he'd be the perfect person to write a comedy about crypto.  Story One One digital identity isn't enough  Perhaps the question we should ask...
Opinion

June 18, 2025I ask myself as I follow the crypto news. It seems we’re not really chasing the idea of providing an alternative to current systems, but rather embracing them, such as a certain...
Opinion

June 5, 2025Story One A hack with a twist On May 22nd, the leading DEX on the SUI blockchain tweeted that it had detected an incident leading to the loss of $223 million in user funds....
CoinJar
Company
Support
Legal
Crypto on CoinJar
App storeApp store

Your information is handled in accordance with CoinJar’s .

CoinJar Europe Limited (CRO 720832) is registered and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.

Apple Pay and Apple Watch are trademarks of Apple Inc. Google Pay is a trademark of Google LLC.

This site is protected by reCAPTCHA and the and apply.

CoinJar logo
CoinJarGet the app.
Install app