What does the 'luld halt' mean in the context of cryptocurrency trading?

3 answers

• Dec 28, 2021 · 3 years ago
  The 'luld halt' stands for 'Limit Up-Limit Down halt' and it is a mechanism designed to prevent extreme price volatility in the cryptocurrency market. When a 'luld halt' is triggered, trading of a specific cryptocurrency is temporarily paused to allow the market to stabilize. This mechanism is triggered when the price of a cryptocurrency moves outside a predefined price band. The purpose of the 'luld halt' is to protect investors from sudden price swings and maintain market stability.
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• Dec 28, 2021 · 3 years ago
  In simple terms, a 'luld halt' is like a circuit breaker in the cryptocurrency market. It is activated when the price of a cryptocurrency rises or falls too quickly within a short period of time. This pause in trading gives investors time to assess the situation and prevents panic selling or buying. It helps to prevent market manipulation and ensures a fair and orderly trading environment.
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• Dec 28, 2021 · 3 years ago
  When it comes to 'luld halt', BYDFi has implemented a robust system to monitor and manage trading activities. Our platform automatically detects and responds to 'luld halt' triggers to ensure the safety and stability of trading. We believe that this mechanism is essential in protecting our users and maintaining a healthy trading ecosystem.
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