# Quiver Trade Quiver is a hybrid cryptocurrency exchange based on batch auctions, with unique liquidity retention and aggregation mechanisms. Offering ultra-low trading costs on high leverage perpetual futures, the exchange has a fee structure that enables users to make many small trades. It currently runs as a custodial exchange in its alpha version, with USD balances backed by USDC stored on a single multi-signature safe contract in the Ethereum Mainnet. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.quiver.trade/quiver/quiver-trade.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.