Gemini launches stop market orders for Active Trader platform
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The Winklevoss-founded exchange adds automated trade execution with built-in slippage protection for spot trading pairs Share Gemini just rolled out stop market orders on its ActiveTrader interface, giving spot traders a tool that most competing platforms have offered for years. It's a straightforward addition, but one that fills a notable gap in the exchange's professional trading toolkit. The feature lets users set a stop price that, once crossed by the last traded price, automatically fires off a market order. Buy stops must be placed above the current price, sell stops below it. The orders come with a 10% slippage tolerance baked in, which acts as a guardrail against getting filled at a wildly unfavorable price during sudden moves. The distinction from stop-limit orders, which Gemini has supported since November 2019, is important. A stop-limit order triggers a limit order at a specified price, meaning it might not fill at all if the market blows past your limit during a fast move. A stop market order sacrifices price precision for execution certainty. The 10% slippage tolerance means your market order won't chase a price that's moved more than 10% from your stop level, offering some protection against flash crash scenarios where you'd get filled at an absurd price. ActiveTrader currently supports over 100 spot trading pairs denominated in USD, GUSD, and select other...
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