What is the definition of OCO in the context of cryptocurrency?

3 answers

• Jan 09, 2022 · 3 years ago
  OCO stands for One Cancels the Other and it is a type of order that allows traders to set two orders simultaneously: a stop order and a limit order. If one of the orders is executed, the other order is automatically canceled. This is useful for managing risk and taking profits in volatile markets.
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• Jan 09, 2022 · 3 years ago
  OCO, short for One Cancels the Other, is a trading term used in the cryptocurrency market. It refers to a type of order where two orders are placed simultaneously, and if one order is executed, the other order is automatically canceled. This allows traders to manage their risk effectively and take advantage of market opportunities.
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• Jan 09, 2022 · 3 years ago
  OCO, also known as One Cancels the Other, is a trading feature offered by some cryptocurrency exchanges. It allows traders to place two orders at the same time: a stop order and a limit order. If one order is executed, the other order is automatically canceled. This feature helps traders manage their risk and optimize their trading strategies. BYDFi, a popular cryptocurrency exchange, offers OCO functionality to its users.
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