Measures are taken to prevent orders from being filled due to the rapid fluctuation of crypto asset market prices or erroneous orders. Limit orders receive the following restrictions.
Order price limits
You cannot make limit orders if the order price is 50% higher or lower than the base price at the time of ordering.
Note: Base price = (best ask quote + best bid quote) ÷ 2
Example:
KAIA (KLAY)/JPY best ask quote: JPY 998
KAIA (KLAY)/JPY best bid quote: JPY 1,000
The base price would be JPY 999 and limit orders below JPY 499 or at JPY 1,499 and above would be invalid.
Note: If there is no best ask or bid quote, the last fill price is used as the base price.
Order price limits after placing an order
Limit orders that don't trigger the order price limit will also automatically be canceled if they deviate higher or lower from the base price at 10 am each day by 50% or more.
See also:
About quotes
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