All about digital asset trading Guide

The number of digital assets keeps growing at an ever-increasing pace all over the world. These decentralised digital instruments have revolutionized the world of finance. As a result, there has been a steady increase in the demand for tools and services provided by digital asset trading platforms.

A digital asset trading platform can be an outlet where cryptocurrency exchanges are directly linked all around the globe. It is a platform that permits its users to buy or sell digital assets through a single account/program. Cryptocurrencies can be traded for a number of other assets such as government-issued fiat money or other digital assets. Certain digital currencies can be represented by real-world tangible commodities such as important metals (gold and silver) or real estate.
It is easily accessible and is user-friendly for both novice and professional traders as it prepares and measures data without the delay while simultaneously providing accurate charts. It is also well-equipped with sufficient cyber-security technologies and infrastructure.

The Talos platform was built exclusively to aid the entire digital asset trade lifecycle – from price discovery to execution through settlement – across spot, futures, and FX markets. Made to exceed the performance, reliability and security requirements of large institutions, the Talos platform can be found via a single API or advanced, web-based GUI and can be tailored to meet your unique workflow requirements.

Talos Trading is an institutional technology infrastructure provider that connects all crypto ecosystem participants to support a full trading lifecycle.

Consequently, by offering a wide array of benefits, such a platform can be regarded as the opportunity for growth and is being adopted in a largespread manner.
Types of digital assets that can be traded on the platform
A digital asset is said to be a digitised right to possess, use, control and own an ascollection. In simple words, it can be viewed as content owned by a person that can be stored digitally. It really is a repository of value.

Digital assets are of the following two types:

These are virtual currencies that can be utilized for the purposes of trading and as a method of payment for goods and services. Their main features include:

Being decentralised, i.e., putting reliance on code for handling issuance and transactions instead of getting a central issuing authority.
Utilising blockchain as their technology for managing their transactions.
Engaging cryptography (hi-tech encryption technique), to protect and verify their transactions.
Examples of cryptocurrencies are Bitcoin, Ethereum, Bitcoin Cash and Ripple.

Digital/security tokens
To put it simply, tokens are units of value circulated by organisations with the capacity of being customised and built along with blockchains that are already in existence. They are digital versions of tangible traditional assets which already have a value such as traditional shares or real estate. These are given away in Initial Coin Offerings, a public sale to improve funding for particular projects and can further be traded in the secondary market.

Terminologies found on a digital asset trading platform
Although there are many familiarities between digital asset trading and traditional trading, certain trading conditions are undoubtedly perplexing for beginners. Mentioned below are the main element trading terms:

Trading pairs- These represent the digital assets that can be traded for each other on the trading platform- for example Bitcoin/Litecoin (BTC/LTC). The primary use of such pairs is to tell apart the costs of different cryptocurrencies.

Last price- It represents the price tag on the last trade occurred.
Market price- It constitutes the current price/value of the digital assets provided by the platform.
Order-book- It comprises a set of all open trade orders.
Open orders- Whenever a user places a buy or sell order at a definite rate, such an order can be viewed and tracked in the ‘Start Orders’ column of the dashboard.

Market orders- These are orders of the most basic kind. The buyer specifies the total price he/she wishes to spend on purchasing the asset. He/she does not need a choice to limit the order both in conditions of size and price.

Limit order trading- It represents investing of a particular digital asset at a specific price. Therefore, a limit is put on the order in conditions of the purchase price per unit.
Ladder order or Stack order- In such types of orders, an individual stipulates a variety of price limit orders. For every such order, the user supplies the same details as provided in an ordinary limit order. For example, if a user lodges 10 orders in a platform, after the first order is effected, it automatically triggers keeping of the second order. The same continues on till all the 10 orders are executed. The ladder order can consist of a mix of purchase and sell orders.

Split order- in such types of orders, the size of a price limit order is split into smaller sizes and many different limit orders are put in a single shot. Each of the several orders will be effected according to their respective order parameters.

Stop loss- While trading in digital assets, minimising losses is very important. So that you can evade huge losses, a user provides a target at which he/she wants to exit with a minimum loss when the cryptocurrency is falling. Such users can place an end limit, either in the buy order or when the coin is in the wallet.

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