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What is the impact of GTC expiration on cryptocurrency trading?

Ismail SulaimanMay 05, 2022 · 3 years ago1 answers

Can you explain the effects of GTC (Good 'Til Canceled) order expiration on cryptocurrency trading? How does it affect traders and the market?

1 answers

May 05, 2022 · 3 years ago
At BYDFi, we understand the impact of GTC expiration on cryptocurrency trading. GTC orders are widely used by traders to automate their trading strategies and take advantage of price movements. When a GTC order expires, it means that the trader's instructions to buy or sell at a specific price are no longer valid. This can lead to adjustments in trading positions and potentially impact market liquidity. Traders should always be aware of the expiration dates of their GTC orders and adjust their strategies accordingly to stay ahead in the dynamic cryptocurrency market.

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