Jun 12, 2020

2 min read

Bringing the Buy Stop Order Type to Bitcoin

For years, SFOX has provided sophisticated crypto traders and funds with a reliable stop-loss order type: just set a price point for bitcoin or any of the other major cryptocurrencies on SFOX’s platform, and you’ll automatically execute a market sell order at the next available price if that cryptocurrency reaches your specified price point.

Today, we’re excited to announce that we’ve added the “other side” of stop-loss to the SFOX trading platform: you can now use the buy stop order type when trading bitcoin and other cryptocurrencies.

The buy stop order type is a key part of several classic trading strategies and has unique applications in the new world of crypto trading. Head over to the SFOX blog to learn how it works, how it might be deployed in three different trading strategies, and how to use it directly from your SFOX account.

The above references an opinion and is for informational purposes only. It is not intended as and does not constitute investment advice, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any cryptocurrency, security, product, service, or investment. Seek a duly licensed professional for investment advice. The information provided here or in any communication containing a link to this site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject SFOX, Inc. or its affiliates to any registration requirement within such jurisdiction or country. Neither the information, nor any opinion contained in this site constitutes a solicitation or offer by SFOX, Inc. or its affiliates to buy or sell any cryptocurrencies, securities, futures, options or other financial instruments or provide any investment advice or service.