Major Japanese crypto exchange Bitbank announced on the 22nd that it will start offering ‘stop order’ and ‘stop market order’ functions from September 27, 2021.
The company had recently announced a partnership with Japanese social networking service Mixi on the second of the month. In an official statement, the companies noted:
“We have decided to enter into a capital and business alliance because we believe that it can
further enhance the corporate value of both companies through the mutual utilization of our service development and marketing expertise and Bitbank’s latest technologies, including blockchain.”
Stop order is a method where cryptocurrencies are bought when the market price rises to a specified price or above or sold when the market price falls to a specified price or below.
The functions will be available on the bitbank’s smartphone app, website, and Bitbank API. Details regarding the FAQ and API documentation are yet to be released by the exchange.