How does GTC expiration affect the trading of digital currencies?

3 answers

• Hamza Hasan ZiaNov 10, 2023 · 2 years ago
  GTC expiration plays a significant role in the trading of digital currencies. When a GTC order expires, it is automatically canceled by the exchange. This means that if you have placed a GTC buy order for a certain digital currency and it expires before being executed, you will need to place a new order if you still want to buy that currency. Similarly, if you have placed a GTC sell order and it expires, you will need to re-list your sell order. GTC expiration can affect the liquidity and price movement of digital currencies, as expired orders are removed from the order book, potentially impacting the supply and demand dynamics.
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• Apisit PakdeemekhanonNov 09, 2021 · 4 years ago
  GTC expiration is like a ticking clock for traders in the digital currency market. It adds a sense of urgency to their trading strategies. Traders need to be aware of the expiration dates of their GTC orders and take necessary actions before they expire. If they fail to do so, their orders will be automatically canceled, and they might miss out on potential trading opportunities. Therefore, it is crucial for traders to regularly review and update their GTC orders to ensure they are still valid and aligned with their trading goals.
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• StarScream21900Mar 25, 2024 · 2 years ago
  As an expert in the digital currency trading industry, I can confirm that GTC expiration is a common feature across various exchanges. It is not limited to any specific exchange, including BYDFi. GTC orders are widely used by traders to execute their trading strategies. However, it is important to note that the impact of GTC expiration on trading can vary depending on market conditions and individual trading preferences. Traders should always stay informed about the expiration dates of their GTC orders and adapt their strategies accordingly to maximize their trading potential.
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