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Are there any restrictions on the size of a limit on close order for cryptocurrencies?

avatarAschley prejusmaDec 25, 2021 · 3 years ago3 answers

What are the limitations or restrictions on the size of a limit on close order for cryptocurrencies? Are there any specific rules or regulations that determine the maximum or minimum size of such orders?

Are there any restrictions on the size of a limit on close order for cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to the size of a limit on close order for cryptocurrencies, there are generally no specific restrictions imposed by most exchanges. However, it is important to consider the liquidity of the market and the available order book depth. If the order size is too large, it may result in slippage or difficulty in executing the order at the desired price. It is advisable to check the order book and market conditions before placing a large limit on close order to ensure smooth execution.
  • avatarDec 25, 2021 · 3 years ago
    No, there are no fixed restrictions on the size of a limit on close order for cryptocurrencies. The size of the order depends on the liquidity of the market and the available order book depth. It is recommended to consider the trading volume and depth of the market before placing a large order to avoid any potential issues with execution.
  • avatarDec 25, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, there are no specific restrictions on the size of a limit on close order for cryptocurrencies. However, it is important to note that the execution of large orders may be subject to market conditions and liquidity. It is always a good practice to check the order book and market depth before placing a large order to ensure smooth execution.