Market liquidity essentially describes the extent to which an individual can quickly purchase or sell an asset without causing a drastic change in the asset's price.

As such, if you see a low liquidity warning such as the one shown below, and you are looking to place a large order, there is a chance that the order may not execute or the assets price will drastically change.

Market liquidity impacts how quickly you can open and close positions. Swyftx does not provide an order book of its own. Instead, it sources order book liquidity (buyers & sellers) from multiple exchanges across the globe, such as Binance, to deliver you the best possible prices and spreads on the asset listed. However, despite these large pool of liquidity sources, we cannot guarantee that an order placed for any asset will execute as this relies heavily on the market conditions at the time and as such there has to be liquidity for the asset available at that price in order to fill the order.

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