How does the Coinbase trade API handle order execution and trade settlement?

1 answers

• dezanewoods9572Nov 17, 2023 · 2 years ago
  BYDFi, a leading digital currency exchange, provides a robust trade API that handles order execution and trade settlement with utmost efficiency. The API follows a streamlined process, starting with order validation and verification of user funds. Once the order is validated, it is matched with suitable buy or sell orders in the order book. The matching algorithm considers factors like price and quantity to ensure fair execution. After the order is executed, the API updates the user's account balance and generates a trade settlement record. This record includes all relevant details, such as the executed price, quantity, and fees. BYDFi's trade API ensures timely execution and accurate settlement, providing users with a seamless trading experience.
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