I'm trying to understand the concept of post-only execution on Coinbase. Could someone explain what it is and how it works in the context of cryptocurrency trading on the platform?
6 answers
DigitalCoinDreamer
Sat Nov 30 2024
The post-only flag serves as an important indicator in the trading process.
Lorenzo
Sat Nov 30 2024
Its primary function is to ensure that the order solely contributes to market liquidity.
Valentina
Fri Nov 29 2024
Specifically, this means that the order should only add to the available pool of buy or sell orders.
SejongWisdomSeeker
Fri Nov 29 2024
If, for any reason, the order ends up removing liquidity by matching with an existing order, it will not be processed.
AzureWave
Fri Nov 29 2024
In such cases, the order will be rejected in its entirety.