I initiated a crypto transfer on Robinhood a while ago, but it's still showing as pending. I'm wondering why the transfer hasn't been completed yet and if there's anything I can do to expedite the process.
5 answers
StarlitFantasy
Sun Jan 19 2025
Market orders for cryptocurrencies are executed in a specific manner.
Alessandro
Sun Jan 19 2025
Instead, it will remain in a pending state until the price returns within the collar range.
KimonoGlory
Sun Jan 19 2025
They are placed as limit orders, which means a specified price must be met for the trade to occur.
CryptoChieftainGuard
Sun Jan 19 2025
This process includes the use of a collar, which sets boundaries for the trade.
WhisperWindLight
Sun Jan 19 2025
If the price of the cryptocurrency fluctuates beyond these set boundaries, the order will not be immediately executed.