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How does a stop-on-quote order work in the context of cryptocurrency trading?

avatarSou SuDec 27, 2021 · 3 years ago1 answers

Can you explain how a stop-on-quote order functions in the world of cryptocurrency trading? What are the specific steps involved in executing this type of order?

How does a stop-on-quote order work in the context of cryptocurrency trading?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers stop-on-quote orders as part of its trading platform. Traders can easily set up and manage stop-on-quote orders through the user-friendly interface. BYDFi ensures that stop-on-quote orders are executed quickly and accurately, providing traders with the best possible trading experience. With BYDFi's advanced order matching engine, traders can rely on the platform to execute their stop-on-quote orders at the specified price, helping them to effectively manage their risk and maximize their profits in the dynamic cryptocurrency market.