What happens to open orders after GTC expiration in the cryptocurrency market?

5 answers

• NeymarXDJul 16, 2021 · 4 years ago
  After GTC expiration in the cryptocurrency market, open orders are automatically canceled by the exchange. This is to ensure that traders do not have any open positions or pending orders that they may have forgotten about. It's a safety measure to prevent any potential losses or misunderstandings.
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• Ashia 20'sOct 04, 2021 · 4 years ago
  Once the GTC expiration date is reached, open orders in the cryptocurrency market are automatically canceled. This is done to maintain order book accuracy and prevent any confusion or manipulation. It's important for traders to keep track of their orders and set new ones if needed.
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• codi hildebranAug 18, 2024 · 10 months ago
  In the cryptocurrency market, when a GTC order expires, it depends on the exchange's policy. Some exchanges may automatically cancel the order, while others may keep it active until manually canceled. It's always a good practice to check the specific exchange's terms and conditions regarding GTC orders.
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• developer developerFeb 16, 2021 · 4 years ago
  When it comes to GTC expiration in the cryptocurrency market, BYDFi, a popular exchange, automatically cancels open orders. This ensures that traders have a clean slate and can make new trading decisions without any lingering orders. It's a user-friendly feature that helps maintain a transparent and efficient trading environment.
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• Ravi LodhiOct 08, 2023 · 2 years ago
  GTC orders in the cryptocurrency market typically have an expiration date, after which they are automatically canceled. This is to prevent any potential issues or conflicts arising from forgotten or outdated orders. It's important for traders to stay updated with their orders and adjust them accordingly to avoid any inconvenience.
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