What is the market range for a crypto limit order?

The market range defines the upper and lower prices at which your limit order can be filled and converted into a position.

What is the market range for cryptos?

The market range for crypto is 3% of the asset’s price.

Why is there a market range?

Under normal market conditions, not all rates are traded in the market.

When you set a limit order, you choose a specific price for the order to execute into a position. However, this price may not be traded in the market.

To increase the chances that your desired position will be created, we define a range within which we allow the order to be filled.

What are the benefits of the market range?

There are two main benefits of the market range:

• It ensures that the order is filled at a suitable price, close to the one you have chosen.
• It acts as a safety measure so that a trade doesn’t open in cases where the price has moved sharply away from the target price.

How does the market range work?

The market range starts at the target limit you had set and goes in the direction the market is moving from the market rate at the time of the order:

• If the target limit is higher than the market price at the time of the order, the range will be upwards.
• If the target limit is lower than the market price at the time of the order, the range will be downwards.

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| *Note: Crypto trading is not available in NV, HI, Puerto Rico and the US Virgin Islands.* |