What is the average duration for open orders to stay on Binance when trading digital currencies?

3 answers

• aliyaNov 01, 2020 · 5 years ago
  On Binance, the average duration for open orders to stay active when trading digital currencies can vary depending on market conditions and the specific trading pair. Generally, if the market is highly liquid and there is a lot of trading activity, open orders tend to get filled relatively quickly, sometimes within seconds or minutes. However, if the market is less active or there is low trading volume for a particular trading pair, open orders may stay active for a longer period, potentially hours or even days. It's important to note that these durations are just averages and can vary significantly based on market dynamics.
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• Fredy ReyesSep 15, 2023 · 2 years ago
  When you place an open order on Binance to trade digital currencies, the duration it stays active will depend on various factors. These factors include the trading pair, market conditions, and the specific price and quantity of your order. In highly liquid markets with high trading volume, open orders are more likely to get filled quickly. However, in less liquid markets or during periods of low trading activity, open orders may take longer to get filled or may even be canceled if they remain unfilled for an extended period. It's always a good idea to monitor your open orders and adjust them if necessary to ensure they align with your trading strategy.
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• Mccarthy CurranFeb 18, 2021 · 4 years ago
  When it comes to open orders on Binance for trading digital currencies, the average duration can be influenced by several factors. The liquidity of the market, the trading volume, and the specific trading pair all play a role in determining how long an open order stays active. In some cases, open orders can be filled almost instantly, especially for popular trading pairs with high liquidity. However, for less popular trading pairs or during periods of low trading activity, open orders may remain active for a longer period. It's important to keep an eye on your open orders and make adjustments as needed to optimize your trading experience.
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