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.
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