Bithumb announced on the 11th that it has opened a new service called "automatic partitioning orders" on its won market, allowing users to place orders across multiple price ranges during virtual asset transactions. Automatic partitioning orders, a feature used in the stock market, have been introduced by Bithumb, making it the first domestic virtual asset exchange to adopt this function.
The automatic partitioning order service enables users to register up to 10 orders at once across various bid prices for a specific coin. Purchase orders are partitioned based on the set condition at lower prices, while sale orders are partitioned at higher prices. Transactions will occur once the market price reaches the designated range, and unfilled orders may be maintained or individually canceled.
To use the automatic partitioning order, users need to select "partitioning" in the bid order tab of the virtual asset they wish to purchase or sell and enter conditions such as the starting price, order amount, number of orders, and order intervals. Orders can be set from a minimum of 2 to a maximum of 10, and each order is registered individually with an interval based on bid unit standards. After registration, individual cancellation of specific bids is also possible.
For example, if the starting price is set at 10 million won, with an order amount of 10,000 won, an order count of 10, and an order interval of 1,000 won (1 bid), a total of 10 orders will be automatically registered to match the specified amount, down to 9,991,000 won, including the starting price. Once the market price reaches this level, the orders will be executed sequentially.
This service is available on the Bithumb app and mobile website; further details can be found in the announcements section on the Bithumb homepage.
A representative from Bithumb noted, "The automatic partitioning order is designed to support convenient and precise trading for everyone when price fluctuations are anticipated, aiming to enhance investment convenience and transaction stability. We expect this feature to strengthen the order book and create a safe trading environment that can flexibly respond to market changes."