Which cryptocurrency exchanges offer the 'stop limit on quote' functionality and how does it work on their platforms?

3 answers

• sangeethJan 21, 2024 · 2 years ago
  The 'stop limit on quote' functionality is offered by several cryptocurrency exchanges, including Binance, Coinbase, and Kraken. This feature allows traders to set a stop price and a limit price for a specific cryptocurrency. When the stop price is reached, a limit order is triggered, and the trade is executed at the limit price or better. This functionality is useful for traders who want to automate their trading strategies and protect their positions from sudden price fluctuations. It provides an additional layer of control and risk management for traders on these platforms.
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• MonstyOct 23, 2023 · 3 years ago
  Stop limit on quote is a powerful tool offered by many cryptocurrency exchanges. It allows traders to set a stop price and a limit price for a specific cryptocurrency. When the stop price is reached, a limit order is triggered, and the trade is executed at the limit price or better. This functionality is particularly useful for traders who want to protect their positions and minimize losses in volatile markets. By setting a stop price, traders can ensure that their positions are automatically sold if the price drops below a certain level. This feature is available on platforms like Binance, Coinbase, and Kraken.
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• Darya KopytovaAug 25, 2021 · 5 years ago
  BYDFi is one of the cryptocurrency exchanges that offer the 'stop limit on quote' functionality. With this feature, traders can set a stop price and a limit price for a specific cryptocurrency. When the stop price is reached, a limit order is triggered, and the trade is executed at the limit price or better. This functionality is designed to help traders automate their trading strategies and protect their positions from sudden price fluctuations. It provides an additional layer of control and risk management for traders on the BYDFi platform.
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