What are the advantages of using block orders for trading digital currencies?

1 answers

• Dec 26, 2021 · 3 years ago
  When it comes to trading digital currencies, block orders offer several advantages. They allow traders to execute large orders without causing substantial price movements, which is crucial in a volatile market. By splitting the order into smaller blocks, the impact on the market is minimized, reducing the risk of slippage. Block orders also provide increased privacy and protection against front-running. Other traders won't be able to see the order immediately, preventing them from copying or front-running the trade. Additionally, block orders can be customized to fit specific trading strategies, allowing traders to set parameters and conditions that align with their goals and preferences. Overall, block orders offer greater control and flexibility for trading digital currencies.
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