Bithumb introduces 'Automatic Split Order' feature… Register up to 10 price quotes

Bithumb, a domestic virtual asset (cryptocurrency) exchange, announced on the 11th that it will support an automatic split order service for virtual assets. This applies a method used in the stock market to cryptocurrency trading, and Bithumb is the first among domestic exchanges to implement it.

This feature allows users to split orders for a specific virtual asset across multiple price ranges (quotes) at once. When buying, split orders are registered at lower prices, and when selling, at higher prices, respectively. When the market price reaches the designated range, the corresponding orders are executed sequentially, and any unexecuted orders remain or can be cancelled individually. Orders can range from a minimum of 2 to a maximum of 10.

The usage method is simple. On the Bithumb app or mobile web, select the virtual asset you want to buy or sell, then tap the 'Split' function in the quote order tab and enter the △starting price △order amount △number of orders △order interval. Each order is automatically registered individually at the specified price quote interval, and it is also possible to cancel only specific quotes.

A Bithumb official said, "Automatic split order is a function designed so that anyone can trade easily and precisely during periods of high price volatility," adding, "It will contribute to increasing order book liquidity and creating a safer environment that can respond more flexibly to market volatility."