Coinbase said the PONS-USD trading pair will enter auction mode, a pre-trading phase in which users can place limit orders and monitor an indicative opening price before matching begins. According to the update, the auction period will last for at least 10 minutes, and no trades will be matched during that window. The notice was posted by the Coinbase Markets account. The announcement only covers the mechanics of the auction phase and does not include additional details beyond order entry, indicative pricing, and the minimum duration before trading can proceed.
Coinbase said the PONS-USD trading pair will enter auction mode.
During that phase, customers can place limit orders and view an indicative opening price. Coinbase said the auction mode will last for at least 10 minutes, and no trade matching will take place during that period.
The update came from the Coinbase Markets account.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
