How does the execution of a limit order work on a cryptocurrency exchange?

1 answers

• PHPHTML5Oct 31, 2022 · 3 years ago
  When it comes to the execution of a limit order on a cryptocurrency exchange, it's important to understand that each exchange may have slightly different rules and processes in place. However, in general, a limit order is executed on a first-come, first-served basis. This means that if there are multiple limit orders at the same price, the order that was placed first will be executed first. The exchange will match your limit order with other orders that are available at your specified price. If there are not enough orders available at your specified price, your order may not be executed immediately and could be placed in a queue until there are enough matching orders. It's also worth noting that the execution of a limit order can be influenced by factors such as market volatility and liquidity. In highly volatile markets or during periods of low liquidity, the execution of limit orders may be delayed or may not be filled at all.
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