How does Coinbase's auction mode work for BTC?

3 answers

• Drew HackettSep 24, 2020 · 5 years ago
  Sure! Coinbase's auction mode for BTC is a process where large orders of BTC are executed at a single price. During the auction, buyers and sellers submit their orders, and Coinbase matches them based on price and quantity. The auction price is determined by finding the price at which the maximum quantity of BTC can be traded. This ensures that the auction price is fair and reflects the market demand and supply for BTC at that moment. The auction mode helps to prevent large price swings and provides a transparent and efficient way for large trades to be executed on Coinbase.
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• lolo rasheedFeb 18, 2024 · 2 years ago
  Coinbase's auction mode for BTC is a way to facilitate large trades on the platform. During the auction, buyers and sellers can submit their orders, and Coinbase matches them based on price and quantity. The auction price is determined by finding the price at which the maximum quantity of BTC can be traded. This ensures that the auction price is fair and reflects the market demand and supply for BTC. The auction mode helps to prevent large price fluctuations and provides a more controlled environment for large trades to take place.
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• maybekikiAug 11, 2025 · 3 months ago
  BYDFi, a leading cryptocurrency exchange, also offers an auction mode for BTC. During the auction, buyers and sellers can submit their orders, and BYDFi matches them based on price and quantity. The auction price is determined by finding the price at which the maximum quantity of BTC can be traded. This ensures that the auction price is fair and reflects the market demand and supply for BTC. The auction mode on BYDFi provides a secure and efficient way for large trades to be executed.
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