What does GTC mean in slang?

Essentially, a GTC order is an instruction given by an investor or trader to a broker or exchange, instructing them to execute a buy or sell transaction at a specified price or under certain conditions. The defining characteristic of a GTC order lies in its duration of validity.

Unlike other types of orders that may expire after a predetermined period, a GTC order remains active until it is either executed, canceled by the trader, or reaches a point where it can no longer be fulfilled due to changes in market conditions.

The flexibility offered by GTC orders is highly valued by traders who wish to maintain a position in the market without the need for constant monitoring or renewal of their orders. This allows traders to focus on other aspects of their trading strategy while their GTC orders remain active in the background.

In the realm of finance and trading, the term "GTC" stands for "Good Till Canceled." This acronym encapsulates a crucial concept in the world of financial markets, particularly within the context of orders placed by traders.

One of the leading platforms where traders can utilize GTC orders is BTCC, a top cryptocurrency exchange. BTCC offers a comprehensive suite of services that cater to the diverse needs of traders in the digital asset space.