Trading Rules
How the market operates
Order types and matching
Limit and market orders are supported. Matching is strict price-time priority. Market orders that would exceed the price band are partially filled and the remainder cancelled.
Price bands and halts
Each pair has a dynamic band around the reference price. Orders outside the band are rejected. Trading may be halted during extreme volatility or a data-feed failure; open orders are preserved and cancellable during a halt.
Presale-specific rules
During an allocation window, orders queue against the published cap. Once the cap is reached the book closes and unfilled USDT is released immediately.
Prohibited conduct
The following will result in cancelled trades and account closure.
- Wash trading and self-matching across accounts
- Spoofing or layering to create false depth
- Coordinated manipulation of a thin book
- Exploiting a system error instead of reporting it