Bid Price

Release date: 2020-04-15 10:52
Refers to the price an asset can be sold at. Sell orders are opened by the bid price and buy orders are closed by it. Bid price represents how much of the quote currency is needed for get one unit of the base currency. Example: when the bid/ask prices for EUR/USD currency pair are listed as 1.08892/1.08898, selling 1 Euro will bring $1.08898 to the seller.