KuCoin Launches Price Protection System For Spot Trading

[hellenjones]

KuCoin, a cryptocurrency exchange based in Hong Kong, has been active in introducing new ways to keep up with the community. According to a blog post on March 2, the exchange has launched a price protection feature for spot trading.
Users on KuCoin’s spot trading are set to explore a new Immediate or Cancel (IOC) feature. The exchange noted that the new feature would enable traders to avoid execution issues, which may possibly result in an unnecessary loss when placing orders.
The rules with the IOC feature notes that, before a limit or market order can be conducted in Spot trading, the new system will first determine if the deviation between the price corresponding to the market depth and that of the best ask/bid price surpass a specific threshold.
Cryptoknowmics

[Apri Hermawan]

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