Renegade streams prices in from major centralized exchanges like Binance, Coinbase, Kraken, and OKX to guarantee a “best bid and offer” (BBO) price for all trades.
In finance, the “best bid and offer” for a given asset is the most competitive market price available. In public equities trading, the “national best bid and offer” (NBBO) is an enforced minimum price. Trading at the BBO price ensures that both buyers and sellers receive fair deals for their trades.
On Renegade, the BBO informs the price at which all trades are completed. All trades are settled at the midpoint between the bid and offer (ask).