Bithumb Expands Time-Sliced Automated Order Service Platform to Ease Price Volatility Risks in Large Trades
bithumb
Expanded coverage of the TWAP service platformBithumb announced that it has expanded the platform offering its time-sliced automated order (Time-Weighted Average Price, TWAP) service from its existing environment to include the Bithumb mobile app, as well as PC and mobile web platforms.
TWAP order method and split-buying mechanismA TWAP order is a trading method in which the total order amount or quantity set by an investor is evenly divided according to the full order period and intervals, then automatically submitted at market price. It is designed so that the final execution price converges toward the average price over the period, reducing the impact of market price fluctuations that can occur with large orders.
Order execution process and automation structureInvestors select “TWAP” from the order type on the buy or sell screen, enter the total order amount or quantity, and then set the overall period and interval. The first order is received immediately upon execution, and subsequent orders are automatically submitted at the set intervals. For example, if an investor sets a purchase of KRW 60 million over two hours at 60-second intervals, 120 market buy orders of KRW 500,000 each will be automatically executed.
Order limits and minimum amount rulesThe maximum order limit can be set at up to KRW 1 billion per order, and the minimum order amount per round must be at least KRW 5,000. If the account does not have enough required assets at the time of a split order, the remaining orders are automatically terminated.
Restrictions on order changes and fee policyWhile an order is in progress, condition changes or partial cancellations are not allowed, and only full order cancellation is possible. Fees are charged at each execution, and the same fee rate as regular market orders in the KRW market is applied.
Strategy in anticipation of corporate investment approval discussionsA Bithumb official explained, “Split trading features such as TWAP are a trading method that can be widely used by everyone from retail users to institutional investors in terms of volatility management,” adding, “As discussions continue over allowing corporate investment, the need to prepare for large-scale trading demand is also growing.”
| Remarks / Differentiators |
| Automatically executes large orders by splitting them into multiple rounds |
| Fully expanded from the existing environment |
| Minimum order amount of KRW 5,000 per round |
| Designed so that the final execution price converges toward the average price over the period |
| Applies the same fee rate as regular market orders in the KRW market |
| Only full order cancellation is possible |
This content was prepared by MaeKyung Biz Content Planning Team based on official announcements and press releases.
