MEXC launches 'Trailing Stop' order feature for spot trading

Global cryptocurrency exchange MEXC has announced the official launch of its "Trailing Stop" feature for spot trading. Unlike a traditional stop-loss order with a fixed target price, a trailing stop is a trading tool that automatically updates the trigger price in line with market trends. The feature adjusts the activation price in real-time as an asset's price moves in a favorable direction, executing an order only when the price reaches a pre-set deviation range. MEXC added that the function will provide users with a more advanced automated trading experience and an efficient risk management environment.