Bithumb Launches 'Automatic Split Order' Service for Simultaneous Split Investments

On July 11, Bithumb announced that it has launched the 'Automatic Split Order' service on its KRW market, allowing users to place orders distributed across multiple price ranges when trading virtual assets. The automatic split order function, previously used in stock markets, is being introduced for the first time among domestic virtual asset exchanges by Bithumb.

The automatic split order service allows users to register up to 10 orders at different price levels (quotes) for a specific coin at once. Buy orders are split at lower prices based on the set conditions, while sell orders are split at higher prices. When the market price reaches the specified range, the trade is executed. Orders that are not filled remain active and can be individually canceled.

To use the automatic split order service, users need to select 'Split' in the quote order tab for the virtual asset they wish to buy or sell, and then enter order conditions such as the starting price, order amount, number of orders, and order interval. Orders can be set from a minimum of 2 to a maximum of 10. Each order is registered individually at intervals based on the quote unit. After registration, individual orders can also be canceled for specific price levels.

For example, if a user sets a buy order with a starting price of 10,000,000 KRW, an order amount of 10,000 KRW, 10 orders, and an order interval of 1,000 KRW (1 quote unit), a total of 10 orders will be automatically registered from the starting price down to 9,991,000 KRW, each with the specified amount. As the market price reaches each of these levels, the orders are executed sequentially.

This service is available on both the Bithumb app and mobile web, and further details can be found in the notices section on the Bithumb website.

A Bithumb representative stated, "The automatic split order function is designed to help anyone trade more conveniently and precisely when price fluctuations are expected, thereby enhancing investment convenience and trading stability." The representative added, "We expect this feature to strengthen the order book and create a safer trading environment that can flexibly respond to market fluctuations."