What does 'order pending' mean in the context of cryptocurrency trading?

3 answers

• Dec 17, 2021 · 3 years ago
  When a cryptocurrency trader places an order to buy or sell a digital asset, the order is initially marked as 'order pending'. This means that the exchange has received the order but has not yet executed it. The order will remain in this state until it is either filled or canceled by the trader.
  296148
• Dec 17, 2021 · 3 years ago
  In simple terms, 'order pending' in cryptocurrency trading means that your order is in a queue waiting to be processed. It's like standing in line at a busy store. Once it's your turn, your order will be executed and the status will change.
  24080
• Dec 17, 2021 · 3 years ago
  When you place an order on a cryptocurrency exchange, it goes through several stages. The first stage is 'order pending', which means that the exchange has received your order and is processing it. This is a normal part of the trading process and indicates that your order is in the queue to be executed.
  30476