How does Robinhood handle market orders for cryptocurrencies?

3 answers

• Dec 20, 2021 · 3 years ago
  When it comes to market orders for cryptocurrencies, Robinhood follows a simple and straightforward process. When you place a market order, Robinhood will execute the order at the best available price in the market. This means that your order will be filled immediately, but the price at which it is executed may not be the exact price you see at the time of placing the order. The execution price can vary due to market fluctuations and liquidity. It's important to note that market orders prioritize speed of execution over price certainty.
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• Dec 20, 2021 · 3 years ago
  Robinhood handles market orders for cryptocurrencies by executing them at the prevailing market price. This means that if you place a market order to buy a specific cryptocurrency, Robinhood will execute the order at the best available price at that moment. However, due to the volatile nature of cryptocurrencies, the actual execution price may differ slightly from the price you see when you place the order. This is because the market price can change rapidly, and there may be a slight delay between the time you place the order and the time it gets executed.
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• Dec 20, 2021 · 3 years ago
  As an expert in the field, I can tell you that Robinhood handles market orders for cryptocurrencies in a similar way to other exchanges. When you place a market order, Robinhood will execute the order at the best available price in the market. This ensures that your order gets filled quickly, but it also means that the execution price may not be exactly what you expect. It's important to keep in mind that market orders are subject to market fluctuations and liquidity, so the final execution price may vary slightly.
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