What does the GTC stand for?

The term "good till canceled" (GTC) is a common order type used in financial markets, including cryptocurrency exchanges like BTCC. It refers to an order that remains active in the market until it is either executed or explicitly canceled by the trader. This order type provides traders with the flexibility to leave their orders open for an extended period, without the need to constantly monitor or re-enter them.

For traders interested in futures trading, BTCC offers a robust platform with advanced features such as leverage, margin trading, and hedging tools. Futures trading allows traders to speculate on the future price movements of cryptocurrencies, potentially magnifying their profits (or losses) through the use of leverage.

On the other hand, "good till countermanded" (GTCM) is a less common term that shares similarities with GTC. While GTCM is not universally recognized, it can be interpreted as an order that remains in effect until it is either executed, canceled, or superseded by a new order from the trader. Essentially, it allows for the modification of the original order conditions without fully canceling it.

Both GTC and GTCM (or similar interpretations) offer traders convenience and flexibility when managing their positions in the market. By setting up GTC orders, traders can focus on other aspects of their trading strategy without worrying about constantly re-entering orders.

In addition to trading services, BTCC also offers wallet services to its users. These wallets allow traders to securely store their cryptocurrencies offline, reducing the risk of theft or hacking. With BTCC's wallet services, traders can easily access and manage their cryptocurrencies from anywhere in the world.