Cryptocurrency Q&A
Which crypto exchanges support trailing stop market orders?
Which crypto exchanges support trailing stop market orders?
Giuseppe
Mon Jul 15 2024
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5 answers
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I'm curious to know which cryptocurrency exchanges currently support trailing stop market orders. This feature allows traders to set a trailing stop loss that automatically adjusts its stop price as the market price moves, potentially protecting against significant losses while still allowing for profit potential. Understanding which exchanges offer this advanced trading functionality could be crucial for those seeking to optimize their trading strategies. Could you provide a brief overview of the exchanges that currently support trailing stop market orders, along with any relevant details or considerations traders should keep in mind?
5 answers
Nicola
Tue Jul 16 2024
Trailing Stop Limit orders combine the functionality of a trailing stop with a limit order, providing traders with more control over the execution price of their orders.
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Eleonora
Tue Jul 16 2024
Currently, ZERO crypto exchanges offer support for Trailing Stop Limit orders, leaving traders who prefer this order type with limited options.
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CryptoMercenary
Tue Jul 16 2024
In the current cryptocurrency market, a number of spot exchanges, such as Bitfinex, Bitstamp, OKX, Kucoin, Liquid, Phemex, Bybit, and Huobi, offer support for Trailing Stop Market orders.
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GeishaMelody
Tue Jul 16 2024
These orders allow traders to set a trailing stop price that automatically adjusts based on the market price, ensuring that the order is executed when the market moves in a favorable direction but reverses by a specified amount.
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Carlo
Tue Jul 16 2024
However, despite the popularity of Trailing Stop Market orders, there is a notable absence of support for Trailing Stop Limit orders across cryptocurrency exchanges.
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