A market order in cryptocurrency is a type of order to buy or sell cryptocurrency at the current market price. When using a market order, the trader specifies the desired amount of cryptocurrency to buy or sell but does not specify a specific execution price.Benefits:
- Fast processing: The strategy guarantees immediate execution because it is based on the current market price.
- Confidence: A trader is assured that the order will execute.
- Ease of Use: It's a straightforward trading tool, as the trader does not need to specify a specific execution price.
It’s worth noting that the use of a market order may not ensure a specific execution price. In some cases, especially when market volatility is high or liquidity is scarce, the strike price may differ slightly from the current market price.