What are the differences between post only and allow taker orders in the context of cryptocurrency trading?

1 answers

• Jan 14, 2022 · 3 years ago
  In the context of cryptocurrency trading, post only orders and allow taker orders are two different order types with distinct purposes. Post only orders are used by traders who want to ensure that their orders are added to the order book as limit orders and not executed immediately. This can be useful for traders who want to provide liquidity to the market without the risk of immediate execution. On the other hand, allow taker orders are designed for traders who want their orders to be executed immediately against existing orders in the order book. This allows traders to take advantage of market movements and execute their trades quickly. Both order types have their own advantages and are used by traders based on their specific trading strategies and preferences.
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