What are the most common reasons for requotes in the cryptocurrency market?

3 answers

• May 16, 2022 · 3 years ago
  One of the most common reasons for requotes in the cryptocurrency market is high market volatility. Cryptocurrencies are known for their price fluctuations, and when the market is highly volatile, it can lead to rapid price changes. This can result in requotes as the price at which the trade was initially requested may no longer be available. Traders should be aware of this and consider using limit orders to avoid requotes during periods of high volatility.
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• May 16, 2022 · 3 years ago
  Another reason for requotes in the cryptocurrency market is network congestion. Cryptocurrencies rely on blockchain technology, and when the network is congested, it can cause delays in processing transactions. This delay can lead to requotes as the price may have changed by the time the transaction is processed. Traders should keep an eye on network congestion and consider adjusting their trading strategies accordingly.
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• May 16, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has identified another common reason for requotes in the cryptocurrency market. It is often due to delays in order execution. This can occur when there is a high volume of trading activity or technical issues with the exchange's infrastructure. Traders should choose a reliable exchange with a robust trading system to minimize the risk of requotes caused by order execution delays.
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