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How does the all-or-none order type work in cryptocurrency trading?

avatarLyhne OdgaardDec 26, 2021 · 3 years ago3 answers

Can you explain how the all-or-none order type functions in cryptocurrency trading? How does it differ from other order types?

How does the all-or-none order type work in cryptocurrency trading?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The all-or-none order type in cryptocurrency trading is a type of order that specifies that the entire order must be executed in its entirety or not at all. This means that if the exchange cannot fill the entire order, it will be canceled. It is different from other order types like limit orders or market orders, which can be partially filled. The all-or-none order type is useful for traders who want to ensure that their entire order is executed or not executed at all, without any partial fills. It can be used to avoid situations where only a portion of the order is filled, which may not be desirable for certain trading strategies.
  • avatarDec 26, 2021 · 3 years ago
    When you place an all-or-none order in cryptocurrency trading, you are essentially saying that you want the entire order to be executed or none of it. This means that if the exchange cannot find enough liquidity to fill the entire order, the order will not be executed at all. It is a way for traders to ensure that they either get the full amount they want or none of it, without any partial fills. It can be useful in situations where partial fills may not be desirable, such as when executing a specific trading strategy that requires a complete order execution.
  • avatarDec 26, 2021 · 3 years ago
    The all-or-none order type is a feature offered by some cryptocurrency exchanges, including BYDFi. When you place an all-or-none order, you are specifying that you want the entire order to be executed in its entirety or not at all. This means that if the exchange cannot fill the entire order, it will be canceled. It can be useful for traders who want to ensure that their entire order is executed or not executed at all, without any partial fills. However, it's important to note that not all exchanges offer this order type, so you may need to check with your specific exchange to see if they support it.