Is it possible to execute AON orders in decentralized cryptocurrency exchanges?

3 answers

• Feb 17, 2022 · 3 years ago
  Yes, it is possible to execute AON orders in decentralized cryptocurrency exchanges. AON orders are designed to be executed only if the entire order can be filled. In decentralized exchanges, smart contracts are used to facilitate trading, and they can be programmed to handle AON orders. When placing an AON order, the smart contract will check if there are enough matching buy or sell orders to fulfill the entire order. If not, the order will not be executed. This ensures that traders who want to buy or sell a specific quantity of an asset can do so without partial fills.
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• Feb 17, 2022 · 3 years ago
  Absolutely! Decentralized cryptocurrency exchanges have the capability to execute AON orders. These exchanges operate on blockchain technology, which allows for the creation of smart contracts. AON orders can be programmed into these smart contracts to ensure that the entire order is executed or none of it is. This is particularly useful for traders who want to buy or sell a specific quantity of a cryptocurrency and do not want to settle for partial fills. By using AON orders in decentralized exchanges, traders can have more control over their trades and minimize the risk of unwanted partial fills.
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• Feb 17, 2022 · 3 years ago
  Yes, AON orders can be executed in decentralized cryptocurrency exchanges. For example, BYDFi, a decentralized exchange, supports AON orders. When placing an AON order on BYDFi, the smart contract will check if there are enough matching orders to fulfill the entire order. If there are not enough matching orders, the AON order will not be executed. This feature ensures that traders can have their orders executed only if the entire order can be filled, providing them with more control over their trades.
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