What is the definition of a hanging quote in the context of cryptocurrency?

3 answers

• White MageNov 19, 2024 · 8 months ago
  A hanging quote in the context of cryptocurrency refers to an order that has been placed but has not yet been executed. It 'hangs' in the order book until it is matched with a counterparty. This can happen when the bid and ask prices do not align, resulting in a gap between them. Hanging quotes can impact trading as they can create liquidity imbalances and potentially lead to price fluctuations. Traders need to be aware of hanging quotes and consider their impact when making trading decisions.
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• Pouria AhmadiFeb 18, 2023 · 2 years ago
  When it comes to cryptocurrency, a hanging quote is like that awkward moment when you're waiting for someone to respond to your message. It's an order that's just hanging there in the order book, waiting for a match. Sometimes, the bid and ask prices don't match up, creating a gap between them. This can result in hanging quotes. These hanging quotes can affect trading by causing liquidity imbalances and potentially causing prices to go up or down. So, keep an eye out for those hanging quotes when you're trading crypto!
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• Chris HartSep 30, 2021 · 4 years ago
  In the context of cryptocurrency, a hanging quote is an order that has been placed but has not yet been executed. It is called a hanging quote because it hangs in the order book until it finds a counterparty to match with. This can happen when there is a difference between the bid and ask prices, creating a gap. Hanging quotes can impact trading by causing liquidity imbalances and potentially affecting the price. Traders should be aware of hanging quotes and consider their implications when making trading decisions. At BYDFi, we prioritize transparency and strive to minimize the impact of hanging quotes on our platform.
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