How do different cryptocurrency exchanges handle order book closures?

1 answers

• Mar 26, 2022 · 3 years ago
  As an expert in the field, I can tell you that different cryptocurrency exchanges handle order book closures in various ways. For example, some exchanges may choose to freeze the order book during temporary trading suspensions, allowing existing orders to be modified or canceled but preventing new orders from being placed. This helps maintain order and stability in the market. Other exchanges may opt to close the order book completely, meaning no modifications or cancellations can be made to existing orders. This approach ensures that the order book remains unchanged when trading resumes, but it can also lead to increased volatility and potential price gaps. It's important for traders to understand the specific policies of the exchanges they use to navigate order book closures effectively.
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