Coinbase's CT-USD trading pair enters auction mode, and no trades will be matched for at least 10 minutes.
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Coinbase's CT-USD trading pair has entered auction mode, for at least 10 minutes, with no matching during that period
PANews September 30 reported that Coinbase Markets announced that the CT-USD trading pair has entered auction mode. Users can now submit limit orders and view the indicative opening price; the order book will remain in auction mode for at least 10 minutes, during which no trades will be matched. After the auction ends, matchable orders will be executed at the opening price.
Coinbase Markets announced that the CT-USD trading pair has entered auction mode.
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Users can submit limit orders and view the indicative opening price.
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The order book will remain in auction mode for at least 10 minutes, during which no trades will be matched.
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After the auction ends, matchable orders will be executed at the opening price.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Auction mode is the stage before formal continuous trading: users can place limit orders, but orders will not be executed temporarily; after the auction ends, eligible orders will be matched at the opening price.
Why it matters to readers
This indicates that the CT-USD trading pair is progressing through the opening process, but the materials do not specify when the auction will end.
Beginners should note that submitting a limit order does not mean it will be executed immediately; at least during the auction period, it will not be executed.
Risks and unknowns
The materials do not specify when the auction will end.
The materials do not confirm whether normal continuous matching will begin after the auction ends.
The original text comes from a PANews report and does not provide a link to Coinbase Markets' original announcement.
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Related concepts
Auction mode
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