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What is the circuit breaker list for cryptocurrency stocks?

avatarAjokz SoftwareNov 25, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the circuit breaker list for cryptocurrency stocks? What is its purpose and how does it work?

What is the circuit breaker list for cryptocurrency stocks?
Cryptocurrency
Circuit Breaker
Stocks

1 answers

  • avatarNov 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, also implements a circuit breaker list to protect its users. The list consists of cryptocurrencies that meet certain criteria, such as high trading volume or significant price movements. When a cryptocurrency on the circuit breaker list experiences extreme price volatility, trading for that cryptocurrency is temporarily suspended. This measure helps prevent panic selling or buying and allows users to make informed decisions. BYDFi's circuit breaker list is regularly updated to adapt to market conditions and ensure the safety of its users.

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