How does the 'market on close' concept apply to cryptocurrency markets?

3 answers

• Nov 25, 2021 · 3 years ago
  The 'market on close' concept, also known as MOC, is a trading strategy that allows investors to execute trades at the closing price of a market. In the context of cryptocurrency markets, it refers to the ability to place orders to buy or sell cryptocurrencies at the closing price of a specific trading session. This can be particularly useful for investors who want to take advantage of price movements that occur near the end of a trading day. By participating in the market on close, investors can potentially benefit from any price fluctuations that happen during this time period.
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• Nov 25, 2021 · 3 years ago
  In cryptocurrency markets, the 'market on close' concept can be implemented through various trading platforms and exchanges. Traders can place MOC orders, specifying the quantity and price at which they want to buy or sell a particular cryptocurrency. These orders are then executed at the closing price of the trading session. It's important to note that the availability and functionality of MOC orders may vary across different exchanges, so it's advisable to check with your preferred exchange to see if they offer this feature.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, provides the option for traders to participate in the 'market on close' concept. By placing MOC orders on BYDFi, traders can take advantage of potential price movements that occur at the end of a trading day. This can be particularly beneficial for investors who want to capitalize on short-term price fluctuations or execute trades based on specific market conditions. However, it's important to carefully consider the risks and market dynamics before engaging in MOC trading strategies.
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