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Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.

What are Market Orders?

Market orders are one of the three types of orders that you can place on Phemex.com.

Market orders are performed immediately at current market prices. A user may prefer this option for urgent orders. We recommend paying attention to the order book when opting for this type of action. It is possible that a large market order may incur market-impact costs.


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