Order placement updates to Bittrex(25-11-2017)

in #bitcoin7 years ago

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Order placement updates to Bittrex(25-11-2017)

1. Removing stale orders:
Removing orders that are older than 28 days automatically

2. Raising the minimum trade size:
Trade Value from 50,000 to 100,000 Satoshis..
( Within the next 2 weeks)

3. Creating minimum tick sizes:
on a per market basis, we will be instituting minimum tick sizes that are based on the current price of the market. The target is to have minimum trade sizes that are near 0.1% of the current price. The current minimum tick size is 1 satoshi. For example, Ethereum trades at 0.0577 Bitcoin. Bids and asks can only be placed in 0.0001 increments. So the next level on the bid side of the orderbook will be 0.0576 and 0.0578 on the ask.
( Within the next 2 weeks)

4. A general statement about market manipulation tactics: Bittrex actively discourages any type of market manipulation, including pump groups . we will suspend and close any accounts engaging in this type of activity and notify the appropriate authorities.

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