To guarantee trading efficiency, CoinEx added a new feature - Stop-Limit on August 16th, 2018 (UTC).
What is "Stop-Limit"
Stop-Limit Order: Users can set a Stop price and a Limit price in advance. Once the stop price is reached, the limit order will be automatically placed at the Limit price set.
How to place a "Stop-Limit" order
For a "Stop-Limit" order, we will mark "The current market price" as A and "Stop price" as B. In this case:
1. Buying: Make sure the triggered price is HIGHER than current price, i.e. B > A.
2. Selling: Make sure the triggered price is LOWER than current price, i.e. B < A.
Once the stop price is reached, the limit order will be automatically placed at the Limit price set.
About CoinEx: With its proprietary trade matching system and excellent user experience, CoinEx is dedicated to building a highly secure, stable and efficient digital coin exchange for global users. CoinEx now supports multiple languages and is providing global trading services in nearly 100 countries/regions. CET is CoinEx’s native virtual token that is distributed in accordance with their trade-driven mining model; a disruptive customer offering that has arisen as a competitive force targeting market incumbents like Binance.
About CoinEx Token (CET): CoinEx Token (CET) is an official value-added services and privileges scheme based on CoinEx exchange platform. The token is issued on Ethereum ERC 20 protocol and will be launched on a public CoinEx Chain in the future. The total CET supply is fixed at 10 billion. CET represents exclusive services and privileges on CoinEx.com and can be used in diversified scenarios.
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About the writer: Ava Lauren
I write articles related to bitcoin and other cryptocurrencies. Email me