What does the term 'not held' mean in cryptocurrency trading?

3 answers

• Dec 29, 2021 · 3 years ago
  In cryptocurrency trading, the term 'not held' refers to an order type where the trader does not hold the actual asset being traded. Instead, the trader is speculating on the price movement of the asset without actually owning it. This type of order is commonly used in derivative trading, such as futures or options, where traders can profit from the price fluctuations without the need to physically own the underlying asset.
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• Dec 29, 2021 · 3 years ago
  When you place a 'not held' order in cryptocurrency trading, it means that you are not actually buying or selling the cryptocurrency itself. Instead, you are entering into a contract that allows you to speculate on the price movement of the cryptocurrency. This type of order can be useful for traders who want to take advantage of the price volatility without the need to hold the actual asset.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers the option to place 'not held' orders for traders who want to engage in speculative trading without owning the underlying asset. With 'not held' orders, traders can take advantage of the price movements in the cryptocurrency market without the need for physical ownership. This type of order is popular among experienced traders who are looking to maximize their profits in a volatile market.
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