Indian cryptocurrency exchange WazirX has launched the stop limit order feature on WazirX. However, the feature is currently in beta and only available for the TRX/USDT market. The exchange will roll out the feature to more markets next week.
Stop limit orders are orders which trigger when the underlying asset reaches a price set by the user. It helps users to protect profits, minimise losses and take early advantage of market opportunities.
WazirX has been making a lot of new announcements this year. The cryptocurrency exchange had launched the new buy/sell order form last month. In addition, it recently launched its P2P platform in Indonesia.
(Image Credit: WazirX blog)