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Are there price protections for crypto trading?

Trading Pair Order Price Limit
BTC/HKD 20%
BTC/USD 20%
ETH/HKD 20%
ETH/USD 20%

The price protection mechanism is a key safety measure to prevent market manipulation. When placing a trade order:

  • If the bid price exceeds 120% of the latest market price, the order cannot be placed.
  • If the ask price is below 80% of the latest market price, the order also cannot be placed.

For example, if the latest market price of the BTC/USD trading pair is US$70,000 and a user places a limit order to buy BTC at US$91,000, the order price is 130% of the current market price. This exceeds the 120% limit set by the trading rules, so the order will not be placed.