common-close-0
BYDFi
Trade wherever you are!

What is the purpose of GDAX's post only mode in cryptocurrency trading?

avatarAmrit Kumar ChanchalDec 25, 2021 · 3 years ago1 answers

Can you explain the purpose and significance of GDAX's post only mode in cryptocurrency trading? How does it affect trading strategies and order execution?

What is the purpose of GDAX's post only mode in cryptocurrency trading?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    GDAX's post only mode is a feature that allows traders to submit limit orders without the risk of immediate execution. This mode is particularly useful for traders who want to provide liquidity to the market or implement specific trading strategies. By using post only mode, traders can ensure that their orders are added to the order book and potentially executed at a later time. This feature helps prevent accidental execution of market orders and allows traders to have more control over their order execution. Overall, GDAX's post only mode is designed to enhance the trading experience and provide traders with more flexibility in executing their orders.