The functionality of the WhiteBIT cryptocurrency exchange has been supplemented with another useful tool. Multi-Limit is a powerful order placement mode on the exchange’s spot market. It allows users to create from 2 to 15 limit orders, specifying a price range, the number of orders in the grid, and the option to choose between geometric and arithmetic progression for forming order prices within the specified range.
Multi-Limit optimizes trading and time management by allowing users to place multiple limit orders simultaneously while effectively mitigating risks. The key features of Multi-Limit mode on WhiteBIT are as follows:
- Currently, the mode is only available on the exchange’s spot market;
- Users can set upper and lower price limits for orders in the grid, as well as the order size;
- Each Multi-Limit grid can contain from 2 to 15 orders;
- Users can choose between arithmetic and geometric price formation modes for orders. In the arithmetic mode, order prices will change equally, while in the geometric mode, they will follow a geometric progression, shifting the group of orders downward during buying and upward during the selling of the asset;
- Users can cancel any order in the grid without affecting other orders.
The Multi-Limit mode allows for placing 2 to 15 limit orders within a couple of minutes, simplifying trading and enhancing the efficiency of trading strategies, freeing traders from manually placing numerous orders. It’s quick and easy to configure, offering a structured approach to trading. Discover the inner workings of Multi-Limit and learn how to set it up using the API in the article.
Customize your Multi-Limit mode and set your trading level yourself!
WhiteBIT is one of the largest European centralized crypto exchanges, originally from Ukraine, founded in 2018. The exchange offers 350+ trading pairs, 270+ digital assets, and 10+ state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FACEIT. The goal of WhiteBIT is the mass implementation of blockchain technology worldwide.
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