What are the possible reasons for a filled but not contracted order in the cryptocurrency industry?
Samantha NelsonNov 26, 2021 · 3 years ago3 answers
In the cryptocurrency industry, sometimes an order can be filled but not contracted. What are the possible reasons for this phenomenon? Why does it happen and what can be done to prevent it?
3 answers
- Nov 26, 2021 · 3 years agoOne possible reason for a filled but not contracted order in the cryptocurrency industry is a lack of liquidity. When there are not enough buyers or sellers in the market, it can be difficult for an order to be fully contracted. This can result in a situation where the order is partially filled but not completely executed. To prevent this, traders can consider placing limit orders instead of market orders, which allow them to specify the price at which they are willing to buy or sell. This can help ensure that the order is fully contracted before being executed.
- Nov 26, 2021 · 3 years agoAnother reason for a filled but not contracted order in the cryptocurrency industry could be a technical glitch or error. Sometimes, due to system issues or connectivity problems, an order may be filled but not properly recorded or confirmed. In such cases, it is important for traders to contact the exchange's customer support and provide them with the necessary details to resolve the issue. It is also advisable to double-check the order history and account balance to ensure that the order has been properly executed.
- Nov 26, 2021 · 3 years agoIn some cases, a filled but not contracted order may be the result of market manipulation or fraudulent activities. This can happen when certain individuals or groups intentionally create artificial demand or supply to manipulate prices or deceive other traders. To prevent falling victim to such schemes, it is important to conduct thorough research on the exchange and the cryptocurrencies being traded. Additionally, traders should be cautious of unusual price movements or sudden spikes in trading volume, as these could be indicators of market manipulation. If suspicious activities are suspected, it is recommended to report them to the exchange and relevant authorities.
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