Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Read more

Required Legal Notice: Virtual currencies, real risks. The only guarantee in crypto is risk. Warning: The value of your virtual currencies can rise or fall sharply, and your initial investment may be lost completely; virtual currencies are not covered by the guarantee funds that cover bank deposits; there is no legal mechanism on the virtual currencies market to prevent market manipulation or insider dealing; virtual currencies depend entirely on a specific computer technology and infrastructure, which in certain cases may be very recent and not yet adequately tested; if one loses the identification code or password giving access to the virtual wallet in which the virtual currency is stored, the currency held therein will be irretrievably lost; virtual currencies are currently accepted as a means of payment to a limited extent, and in most countries there is no legal obligation to accept them; for more information about the risks associated with an investment in virtual currencies, we advise you to read the Wikifin page What is a cryptocurrency? | Wikifin.

What is the National Best Bid Offer (NBBO)?

Last updated: 9 жніўня 2025 г.

The National Best Bid and Offer (NBBO) is a regulation in the U.S. that ensures traders get the best available price when buying or selling stocks. The NBBO shows the highest bid price and lowest ask price across all exchanges, representing the tightest bid-ask spread.

Key terms

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Best bid: The highest price someone is willing to pay for a stock.
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Best offer/ask: The lowest price someone is willing to sell for.
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Regulatory requirement: Under SEC rules, brokers must execute trades at the NBBO or better to ensure fair pricing for investors.
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Consolidated data: The NBBO system aggregates prices from multiple exchanges to provide the most competitive bid and ask.

You’ll see the NBBO prices when executing a trade.

On Kraken Pro:

On the Kraken App:

What is the National Best Bid Offer (NBBO)?

Key terms

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