Advanced Order Types with Terrace: Making Crypto Trading Easier
Terrace is making it easier for crypto traders to use advanced tools that were once only available to big institutions. Let’s break down some of the key features that make Terrace stand out.
Limit Orders
What are they? With limit orders, you set the exact price you’re willing to buy or sell a token. Your trade will only go through when that price or better is reached.
Why it matters: In traditional exchanges, you usually trade with fixed pairs. But with Terrace, even on DEXs, you can set limit orders for any pair of tokens. This gives you more control and reduces slippage by ensuring your trade happens at your desired price.
Time-Weighted Average Price (TWAP) Orders
What are they? TWAP orders spread out a large trade over time, breaking it into smaller pieces. This helps to reduce the impact on the market and prevent sudden price changes.
Why it matters: TWAP orders are typically used by large institutions, but now they’re available to all traders on Terrace. This allows you to move large amounts of capital while limiting price and market impact. Plus with Terrace, each leg or piece of the TWAP is dynamically routed to ensure best price available at that time.
Iceberg Orders
What are they? Iceberg orders allow you to hide the full size of a large trade. Only a small portion of the total order is shown at any given time.
Why it matters: This feature is great when you want to keep your full position hidden from the market. By only revealing a part of the trade at a time, you avoid causing any big market reactions and can execute large trades without tipping off others.
Layer 2 Order Books
What are they? Terrace is the only platform offering Layer 2 order books for DEX trading, giving traders a clearer view of market depth and liquidity.
Why does this matter? Unlike other platforms that focus on centralized data, Terrace brings detailed market insights from both CEX and DEX, helping traders make smarter decisions with a fuller picture of liquidity and market trends
Smart Order Routing
What is it? Smart order routing is a tool that automatically finds the best path for your trade. It scans different exchanges and liquidity pools and breaks up your order into smaller pieces to get you the best price with the lowest fees.
Why it matters: Smart order routing ensures that your trades are executed at the best possible price by searching and executing across multiple exchanges and venues. It helps you save on fees and make sure you’re getting the best deal, all without needing to manually compare prices on different exchanges.
Why Use Terrace?
- Better Trade Execution: Terrace’s tools make sure your trades are done quickly and efficiently, saving you money.
- Best Prices & Deepest Liquidity: Terrace routes trades across over 50 CEX and DEX venues to ensure optimal pricing.
- Access to More Markets: Trade a wider range of tokens and pairs across multiple venues—without the hassle of juggling accounts.
- Greater Control Over Trades: Terrace’s tools are designed to help traders manage even the most complex strategies with ease.
Terrace combines powerful trading features with a simple interface, making it a great choice for anyone who wants to trade crypto effectively. Start using Terrace today to take your trading to the next level!
Experience the Future of Crypto Trading
Terrace is an all-in-one trading terminal, broker, and portfolio management system that aggregates centralized and decentralized liquidity and abstracts away wallets, chains, and venues. Terrace offers better prices, deeper liquidity, and broader asset coverage than any exchange, market maker, or trading desk.
Get started with Terrace today and discover a new world of streamlined, high-performance crypto trading.
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