What is Floating Price?

 Floating Price

When you are posting a trade, you can select the Floating Price.

Floating Price: it means the price fluctuates with the reference price (such as CoinMarketCap). The trading price will rise and fall with the change of reference price. (System will synchronizes the reference price every 2 minutes.)

Formula: Trading Price = Current reference Price * premium proportion

You can set the premium proportion > 100% to make the trading price higher than reference price.

For example: the BTC 's current market price is USD 8,000.00, the premium proportion is set as 105%, then the trading price is USD 8,000.00 * 105% = USD 8,400.00

You also can set the premium proportion < 100% to make the trading price lower than reference price.

For example: the BTC's current market price is USD 8,000.00, the premium proportion is set as 95%, then the trading price is USD 8,000.00 * 95% = USD7,600.00

After setting a floating price, your real-time trading price will fluctuate with the market price, but the final purchase/ sale price is subject to the price when placing an order.