Binance Adds Take-Profit and Stop-Loss Tools to Instant Swap Orders

The crypto exchange’s new features aim to provide automated risk control through dynamic price checks and flexible trading adjustments.

Summary

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Terms & Concepts
  • Take-Profit: An order type that automatically sells a cryptocurrency once its price reaches a predetermined profitable level.
  • Stop-Loss: An order type that automatically sells a cryptocurrency to limit potential losses when its price falls to a specified level.
  • Instant Swap: A rapid cryptocurrency exchange service that converts one digital asset to another without using traditional order books.