How can 'time in force on close' affect the execution of cryptocurrency trades?

1 answers

• NopeNov 17, 2023 · 2 years ago
  BYDFi, a leading cryptocurrency exchange, offers the 'time in force on close' feature to its users. This feature allows traders to specify the duration for which their orders should remain active. By setting a longer 'time in force on close', traders can increase the chances of their orders being matched, especially during periods of high volatility. However, it's important to note that the execution of cryptocurrency trades is also influenced by other factors such as market conditions, order book depth, and trading volume. Traders should consider these factors in conjunction with the 'time in force on close' feature to optimize their trading strategies on BYDFi and other exchanges.
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