What does it mean when it says 'opened' on a cryptocurrency exchange?

5 answers

• Awes KhanMar 29, 2024 · 2 years ago
  When it says 'opened' on a cryptocurrency exchange, it means that a trading pair or market is available for trading. It indicates that you can buy or sell the specified cryptocurrency on that particular exchange. 'Opened' essentially means that the market is active and accessible for trading.
  293

  147
• ANKIT KUMAR GUPTA CO21309Jun 11, 2024 · 2 years ago
  If you see 'opened' on a cryptocurrency exchange, it simply means that the trading market for a specific cryptocurrency is live and operational. You can start trading that cryptocurrency on the exchange. It's like the door has been opened for you to enter and participate in the market.
  286

  96
• alireza konarizadeJul 02, 2025 · 6 months ago
  When you come across the term 'opened' on a cryptocurrency exchange, it signifies that the trading pair or market for a particular cryptocurrency is now accessible for trading. This means you can start buying or selling that cryptocurrency on the exchange. For example, if you see 'BTC/USD opened' on an exchange, it means you can trade Bitcoin against US dollars on that exchange. Remember, different exchanges may use slightly different terminology, but the general idea remains the same.
  490

  123
• A.H.M SHAHEDSep 20, 2023 · 2 years ago
  When a cryptocurrency exchange says 'opened', it means that the trading market for a specific cryptocurrency is now available for trading. It's like the exchange has turned on the lights and opened the doors for traders to start buying and selling that cryptocurrency. It's an indication that you can now participate in the market and take advantage of the price movements.
  373

  75
• Igor TodorovicSep 17, 2020 · 5 years ago
  On a cryptocurrency exchange, 'opened' refers to the status of a trading market. It means that the market for a specific cryptocurrency is now open for trading. You can start placing buy or sell orders for that cryptocurrency on the exchange. It's a signal that the market is active and you can actively engage in trading activities.
  333

  56