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A Fill or Kill (FOK) order is a trading instruction that requires the entire order to be executed immediately and completely, or not at all. If the order cannot be filled in its entirety at the specified price, it will be canceled. This type of order affects the order book by either fully executing the order at the desired price or removing it from the book entirely. It is used in trading to ensure that traders can manage their risk and execute trades under specific conditions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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