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Coinbase Puts CT-USD Pair Into Auction Mode Before Trading Begins
Users can submit limit orders and view an indicative opening price, but no trades will be matched during the initial auction period.
Coinbase has placed its CT-USD trading pair into auction mode, delaying trade execution for at least 10 minutes before continuous trading begins.
Users can submit limit orders during the auction and view an indicative opening price. Orders will remain on the book without matching while the auction is active.
When the auction ends, orders that can be executed will be matched at the opening price. The process is designed to establish an initial market price before regular trading starts.
