Binance Open Orders

1 Answer(s)

    In Binance an Open Order occurs when there has been an instruction to sell or buy, but the order has yet to be either cancelled or executed.

    There could be a number of reasons why an order will remain open, one possibility is that the investor has yet to specify the parameters in which they wish the trade to go through, for example, the maximum or minimum price. Market Orders are usually executed immediately, however, an Open Order can take considerably longer, or occasionally remain unfilled until it is cancelled.

    Answered on August 7, 2019.
    Add Comment

    Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.