Gemini currently supports the following order types:
- Market
- Limit
- Limit with Funds
- Stop limit
- Stop market
- Stop-Limit
Market orders are filled immediately against resting orders at the current best available price.
Limit orders are filled at or better than a specified price. Any quantity that is not filled rests on the continuous order book until it is filled or canceled.
Limit with Funds allows users to place a limit buy order by specifying a dollar amount they are willing to spend, rather than an asset quantity.
Stop limit orders place a Limit order when a Lastrice crosses the Trigger (stop) price of the order. For buy orders, the Trigger price needs to be higher than the Last price. For sell orders, the Trigger price needs to be lower than the Last price. The Limit price can be no more than 10% through the book compared to the Trigger price
Stop market orders place a Market order when a Last price crosses the Trigger (stop) price of the order. For buy orders, the Trigger price needs to be higher than the Last price. For sell orders, the Trigger price needs to be lower than the Last price. Stop market orders have a slippage tolerance of 10%. For more control on execution price please use Stop limit orders instead.
Limit orders can be submitted with a Time in force. Time in force allows you to configure the duration that your order remains active until it executes or expires. Gemini offers the following options for Time in force:
- Good ‘till canceled (GTC): any order quantity that is not filled immediately rests on the continuous order book until it is filled or canceled.
- Maker-or-cancel (MOC): will only rest on the continuous order book before execution. If any order quantity can be filled immediately, the entire order is canceled.
- Immediate-or-cancel (IOC): any order quantity that is not filled immediately is canceled and does not rest on the continuous order book.
- Fill-or-kill (FOK): if the order cannot be filled in full immediately, the entire quantity is canceled. The order does not rest on the continuous order book.
For more information, please see our Marketplace page