What is the meaning of AON in cryptocurrency trading?

6 answers

• Dec 17, 2021 · 3 years ago
  AON stands for 'All or None' in cryptocurrency trading. It is a type of order that requires the entire order to be filled in a single transaction, or it will be canceled. This means that if you place an AON order to buy or sell a certain amount of cryptocurrency, the exchange will only execute the order if it can find a counterparty willing to fulfill the entire order. If not, the order will be canceled and you will need to place a new order.
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• Dec 17, 2021 · 3 years ago
  In simpler terms, AON ensures that you either get the full amount of cryptocurrency you want to buy or sell, or you don't get any at all. It is often used by traders who want to avoid partial fills and prefer to wait for a complete execution. However, it's important to note that using AON orders may result in longer waiting times or even no execution if there is not enough liquidity in the market.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also supports AON orders. With BYDFi, you can place AON orders to buy or sell cryptocurrencies and have the peace of mind knowing that your order will only be executed if it can be filled completely. This can be particularly useful for large trades where you want to ensure that you get the full amount you intend to trade.
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• Dec 17, 2021 · 3 years ago
  AON orders are just one of the many trading strategies available in the cryptocurrency market. They can be useful in certain situations, but it's important to consider the potential drawbacks, such as longer waiting times and the possibility of no execution. It's always a good idea to research and understand different trading strategies before implementing them in your own trading activities.
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• Dec 17, 2021 · 3 years ago
  AON orders are not exclusive to BYDFi. Many other cryptocurrency exchanges also support AON orders, allowing traders to take advantage of this trading strategy. It's important to check the specific features and requirements of each exchange before placing AON orders, as they may vary from platform to platform.
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• Dec 17, 2021 · 3 years ago
  AON orders can be a useful tool for traders who want to ensure complete execution of their orders. However, it's important to use them wisely and consider the potential risks and limitations. Always do your own research and consult with experienced traders or financial advisors before making any trading decisions.
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