What is the Difference Between Electronic Communication Network and Straight Through Processing Account in Bitcoin Trading?

ECN BTCUSD Trading Account Bitcoin Trading vs STP BTCUSD Trading Account Bitcoin Trading

ECN BTCUSD Trading Accounts

ECN BTCUSD Account stands for Electronic Communication Net-work, these ECN BTCUSD Trading Account crypto brokers are connected to the interbank network directly through an electronic communication network & crypto orders from the ECN BTCUSD Account are placed straight to the electronic network.

The ECN BTCUSD Account will display different orders from different banks. Bitcoin trading quote placed by these ECNs net-work of banks are direct from them to the inter bank network & orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their cryptocurrency trading broker.

These ECNs trading account will charge commissions + spreads for every bitcoin trade. For these ECN BTCUSD Account execution method every trade is matched to another in real-time over interbank net-work - ECN Network.

STP BTCUSD Trading Accounts

STP BTCUSD Account stands for STP, the STP BTCUSD Trading Account crypto brokers will send client orders direct to their Bitcoin Trading Liquidity Provider, the Bitcoin Trading Liquidity Provider is a big bank with deep liquidity to trade on interbank network.

An STP BTCUSD Trading Account provided by an STP cryptocurrency trading broker can either have one Bitcoin Trading Liquidity Provider or many liquidity providers.

The best thing about STP BTCUSD Trading Accounts is that cryptocurrency traders can place their cryptocurrency trades immediately with instant execution because they have access to inter bank market via their STP cryptocurrency trading broker.

STP BTCUSD Accounts won't charge commissions, but will charge spreads on cryptocurrency trades. Because Bitcoin traders have access to the inter bank markets trading execution, there is no re-quotes on the crypto orders neither any order waiting for execution, the trade order execution is instant.