RexBit is committed to providing fair and efficient price discovery. The limits and statements below are designed to improve the overall trading experience on our markets.
Stale Order Removal: The maximum lifetime of any order is 28 days. Any order older then 28 days will be automatically canceled by the system and all reserved funds will be returned to your account.
Minimum Trade Size: The minimum trade value for orders is 100,000 Satoshis (0.00100000). There is also a minimum trade quantity. For example, DOGE trades at 22 satoshis. The minimum trade quantity is 4500 DOGE and the minimum trade value is 100,000 Satoshis. The smallest order in the book is 100000 DOGE at 1 satoshi each. The largest order in the book is 4500 DOGE at 2 btc each.
Creating minimum tick sizes: The following minimum tick size changes are pending review and customer feedback.
On a per market basis, we will be instituting minimum tick sizes that are based on the current price of the market. The target is to have minimum trade sizes that are near 0.1% of the current price. The current minimum tick size is 1 satoshi. For example, Ethereum trades at 0.0577 Bitcoin. Bids and asks can only be placed in 0.0001 increments. So the next level on the bid side of the order book will be 0.0576 and 0.0578 on the ask.
A general statement about market manipulation tactics: RexBit actively discourages any type of market manipulation, including pump groups. Consistent with our terms of service, we will suspend and close any accounts engaging in this type of activity and notify the appropriate authorities.