Crypto Short News

Binance Enabled OCO Order Types – Coinpedia

One of the leading cryptocurrency exchange, Binance has enabled OCO order types (One Cancels the Other) to the web trading interface. PC and App clients will have the OCO order type enabled at a later date.

Basically, OCO is a pair of orders combining a stop-limit order and a limit maker order on the same side. This is basically with the same quantity. When either of the orders execute (the stop price triggers for stop limit order), the other one is automatically cancels. And when canceling either of the orders, the entire OCO pair cancels.

Tags
Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also
Close
Back to top button
Close
Close