Cointronix offers an online trading platform for Cryptocurrency which is a digital asset. Currently, the platform supports Buy and Sell functionalities for Market Orders and Limit Orders in which users can place buy and sell bids maintained in an open order book system which settles trades in the available digital assets and SGD Currency trading pairs.
Please note that the platform allows buying and selling of the digital asset only against the SGD and not with other fiat or digital currency.
Before moving forward with the technical details, let’s first understand the basics of digital asset trading and how it is different as compared to traditional methods of trading.
Orders placed on the order book are prioritized on the basis of price. Buy orders are prioritized in decreasing order of prices with highest bid placed at the top and sell orders are prioritized in increasing order of prices with lowest ask placed at the top.
Orders with same prices are aggregated in the order book and are filled in First In, First Out (FIFO) manner. So, the order placed first among the other orders at same prices will be filled first.
At Cointronix, we follow strict policy of providing a free and fair market to all of our users and any attempt made to interfere with the market operation will be dealt with harsh measures like asset freezing, account suspension or termination.
At Cointronix, we always ensure that our customers are having uninterrupted access to the website and trading book but as with any other technology service, there can be some unforeseen situations in which traders are having difficulty in placing/cancelling orders or taking time more than usual, then we may, in our discretion, take one or more of the below actions to ensure unabated access of trading book.