Binance Added New Trading Feature OCO Order Types
Largest cryptocurrency exchange binance added new trading feature OCO order types for Web trading interface and will also available for PC as well as Mobile App users later in the future, reported on 22 August 2019.
What is An OCO Order?
OCO stands for One-Cancels-the-Other and it allows users to make both stop-limit order and limit maker order together at the same time on the same side, with the same quantity.
In the OCO order, if either of one order is executed in both of the stop-limit and limit maker orders then the other one order will be canceled automatically as trade is done successfully.
Also, if a user cancels the OCO order before its execution then it canceled both stop-limit and limit maker orders simultaneously.
Binance also provided the guidelines to the users in order to learn the use and working of these OCO orders.
Check binance OCO orders quick guide
Check binance OCO orders full detailed guide
Previously, The leading Cryptocurrency exchange Binance announced an open blockchain project named ‘Venus’. Binance Venus project is an initiative to develop localised stablecoins and a digital currency pegged to fiat currencies all across the world.
