What are some common types of working orders used in cryptocurrency exchanges?

1 answers

• JRKOct 07, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a wide range of working orders for traders. One of the common types is a fill-or-kill order, which requires the entire order to be executed immediately or canceled. This is useful for traders who want to ensure that their order is filled in its entirety or not at all. Another type is a good 'til canceled order, which remains active until it is either filled or manually canceled by the trader. This allows traders to set long-term orders without the need to constantly monitor the market. BYDFi also offers advanced order types such as iceberg orders, which allow large orders to be executed in smaller increments to avoid impacting the market. These are just a few examples of the working orders available on BYDFi and other cryptocurrency exchanges.
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