Coinbase Introduces Stop Orders for Bitcoin Exchange Traders
Bitcoin services provider Coinbase has added stop orders to its Coinbase Exchange product, allowing customers to buy and sell the digital currency at a previously set price. Coinbase describes the service as a way to allow users to protect profits while improving their experience with the exchange product. Since Coinbase launched the exchange in January 2015, it has put an increasing emphasis on the product, indicating in recent messaging that it is first and foremost an exchange product. In a widely circulated Medium post, CEO Brian Armstrong indicated in February his view that the....
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On 17th March, Coinbase made the announcement that they were introducing stop orders to their Coinbase Exchange service, via a post on the Coinbase blog. Stop Orders Limit Losses. Investopedia defines a stop order as “an order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit.” In the context of Bitcoin, “stop orders allow customers to buy or sell Bitcoin at a specified price. This order type helps traders protect profits,....
Leading bitcoin wallet and exchange services provider Coinbase has announced stop orders, a new feature that will allow customers to buy or sell the cryptocurrency at a previously specified set price in the Coinbase Exchange. Bitcoin services provider Coinbase has now added stop orders as a new feature to its exchange, enabling users to buy and sell bitcoin at a pre-determined set price. The feature will help allow traders to protect profits and limit losses, as well as initiate new positions and parameters when the market breaks out one way or another, as Coinbase puts it. The feature is....
Coinbase was recently in news for introducing Stop Loss feature on its exchange platform. Read further to know more about Stop Loss. Coinbase recently announced the integration of ‘Stop Order’ function which allows its users to trade bitcoin in a convenient fashion without having to deal with drastic price fluctuations. What Is a Stop Order and Why Is It Important? To begin with, a stop order is a feature that allows users to buy or sell any asset on a trading platform when the target asset’s value reaches a particular price point of choice. Stop orders are also known as stop-loss orders.....
Bitcoin traders on the Bitstamp exchange platform may want to take note. New features are available that allow traders to better control their moves in the market: stop order and trailing stop order. And if you are like me (not a trader), you're probably asking yourself, what's a stop order and trailing stop order? Bitstamp explains: An order to buy or sell bitcoins when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit. Once the price surpasses the....
With bitcoin adoption rising healthily, and trading proving a popular way to profit from the digital currency's volatility, many exchanges are going from strength to strength, signing up new users and rolling out new services on a frequent basis. In this roundup, CoinDesk looks at the latest announcements from the world's cryptocurrency exchange platforms over the last few days. OKCoin adds 'trigger orders' for futures traders. OKCoin's futures traders can now get some sleep without needing to close their positions, safe in the knowledge that new 'trigger orders' will help insulate them....