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Cryptopia Introducing A New Option – Cancel Orders

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Cryptopia, a cryptocurrency exchange in New Zealand, is all set up to relaunch with advanced options and features. On march 11, the firm announced the cancel orders option for user .The exchange tweeted,


Recently, the platform suffered a major security breach of nearly $20million. But nonetheless, at present, we can see that the exchange is slowly enhancing it’s features with new options.

Cryptopia Exchange is all set to provide users access to cancel their orders ahead of the actual re-launch to avoid selling any coins below current price. According to Crypto-News India reports, the exchange has announced that it had reopened but only in read only mode. The exchange said,

The read-only site is now live. The holding balance from the 14th Jan is pre hack and we will be using these holdings as a baseline for calculating rebates moving forwards.

This feature has created a lot of buzz in social media, it seems that it was the much awaited feature by many crypto marketers. However, many traders and investors responded with a positive note.

Founder of ANON jake greenbaum, responded to the tweet stating that :

Overall, this feature  to cancel orders is necessary for the exchange to keep away the sale of any cryptocurrency below its current price. Users have also appreciated the platform for providing transparency after the recent hack in January.

What is your opinion on Cryptopia launching new options to cancel orders? Share your thoughts on our Twitter and Facebook pages.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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.

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