Dear CoinEx users:
To improve your transaction efficiency and trading experience, CoinEx has launched the Stop-Market function for Web on August 24, 2021. The details are as follows.
1. Relative Services
Spot trading, Margin trading and Perpetual trading
2. Launching Time
Aug 24, 2021
What is Stop-Market
With the Stop-Market function, users can set the stop price and order amount in advance. When the order is triggered, the market order you set in advance will be systematically sent to the order book.
How to set up a Stop-Market order?
Select "Stop-Market" in Order Type to set the stop price and the amount.
Assuming that the current market price of BCH is 500 USDT. User Alice believes that BCH is likely to rise when its price reaches 600 USDT, then Alice can set the stop price to 600 USDT through the Stop-Market function, and the purchase amount is 10 BCH.
When the latest market price reaches 600 USDT, the Stop-Market order will be triggered, and the system will send its pre-set market order into the market.
Your assets will NOT be frozen after you submitted the stop order. Please note that your account should have a sufficient balance before the stop price is reached, otherwise these orders will NOT be placed at the set price.
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.