Spot Market Trading Rules – VOOX

What Are the Market Trading Rules?

When engaging in spot trading on VOOX, each trading cryptocurrency has its own trading rules. These rules include parameters such as the minimum order quantity, minimum price fluctuation, and minimum total order amount, among others.
As different trading pairs are based on different cryptocurrency pair markets, VOOX users need to acquaint themselves with the corresponding trading rules through different pair trading markets.
On VOOX, there are several primary trading markets, including
USDT Market: Trading market for trading pairs based on USDT.

1. Minimum Order Quantity

On VOOX, you have the option to buy and sell cryptocurrencies in different trading pair markets. However, the minimum token quantity for each order must exceed the minimum order quantity for the system to accept your order request. Upon successful placement of an order, the system will match your order and complete the trade.

2. Minimum Price Fluctuation

Generally, minimum price fluctuation refers to the smallest increment by which the unit price of a particular cryptocurrency trading pair can change.

Note

The unit for minimum price fluctuation is the quote cryptocurrency of the trading pair market in which it is located. For example, the minimum price fluctuation for BTC in the BTC/USDT trading pair is measured in units of USDT.

Example

The price of a given cryptocurrency pair is 1.1 USDT. In this case, if the price of this cryptocurrency pair can change by a minimum increment of 0.1 USDT, whether it moves up or down, then we refer to the minimum price fluctuation for this cryptocurrency pair as 0.1 USDT.

3. Minimum Quantity Fluctuation

Minimum quantity fluctuation refers to the smallest value by which the quantity of a specific trading pair in a market can change. It can also be understood as unit precision, representing the smallest increment by which a unit changes.

4. Maximum Quantity per Market Order/ for Limit Orders

Due to the two order types available in spot trading: limit (order), market (order), the trading system establishes a maximum quantity for buying a certain cryptocurrency when placing a market order. This value represents the maximum quantity per market order. Similar to the above, when you place a limit order, the trading system also imposes restrictions on the maximum token quantity you can use for buying and selling. Additionally, this policy has been enacted to maintain price stability within the spot market, helps prevent extreme price fluctuations during trading and ensures that liquidity remains sufficient.

5. Detailed List of Market Trading Rules

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