Feed-Creator-af021bd25

Excitement is building as $RED prepares to start trading on Binance tomorrow, March 3, 2025, at 10:00 UTC. But with restrictions lifting, traders are wondering: will their orders be filled?
To understand how Binance's system works, let's break it down. Binance primarily uses the price of the most recent trade as the market price. But since there are no trades for $RED yet, how does Binance determine the price?
In this case, Binance uses the order book (bid-ask spread) and the highest bid or lowest ask to set the asset price. That's why $RED is currently priced at $0.8 - it's where most bids are concentrated.
1. *Price Priority*: Orders at a better price (higher bid or lower ask) get filled first. If someone places a buy order at $0.8 after another person placed one at $0.6 or $0.4, the $0.8 order will be filled first if a seller appears at or below $0.8.
2. *Time Priority*: If multiple orders are at the same price level, they are filled in the order they were placed. If two buyers both place an order at $0.8, the one placed earlier gets filled first when a seller matches it.

So, what happens when trading starts for $RED
When Binance opens trading, the first orders to be filled will depend on the price of the first sell orders and Binance's price-time priority matching system. Here are a few scenarios:

- If the first sell order is at $0.4, the $0.4 buy orders will be filled first.
- If the first sell order is at $0.6, the $0.6 buy orders will be filled first.
- If the first sell order is at $0.8, the $0.8 buy orders will be filled first.

Key takeaways:

Buy orders at a higher price are filled first because they match the first available sell order.
If multiple orders exist at the same price, the one placed earlier gets filled first (FIFO rule).

Stay tuned for my next post, where I'll share technical analysis on $RED's price movement and prediction. And remember to always do your own research! #DYOR 🔥

$RED will officially start trading tomorrow March 3, 2025 10:00 (UTC) after restrictions are lifted, traders are wondering if there orders will be filled. Learn about binance price-time priority system to understand if your order will be filled.
How binance determines asset price
Before getting into the price-time priority system, first a breakdown of how binance determines asset price is important to how the system works.
Binance primarily uses the price of the most recent trade as the market price. In the case of RED there are no trades so it begs the question, how does binance determine the price?
In the absence of trades, binance can use the order book (bid-ask spread) and the highest bid or lowest ask to set asset price. That is why the price of RED is $0.8, it's where most bids are, there is a price limit and there is no trading.
Price-time priority system
Binance follows a price-time priority system when filling orders. Here’s how it works:
1. Price Priority (First Come, First Served at Each Price Level)
Orders at a better price (higher bid or lower ask) get filled first. If someone places a buy order at $0.8 after another person placed one at $0.6 or $0.4, the $0.8 order will be filled first if a seller appears at or below $0.8.
2. Time Priority (FIFO - First In, First Out)
If multiple orders are at the same price level, they are filled in the order they were placed. If two buyers both place an order at $0.8, the one placed earlier gets filled first when a seller matches it.
3. What Happens If Trading Is Not Open?
If trading is not open yet, orders are placed in the order book but not executed until trading starts. Once trading starts, Binance follows this price-time priority rule.
Order fulfillment expectation when trading starts
When Binance opens trading for Red Stone (RED), the first orders to be filled will depend on the price of the first sell orders and Binance’s price-time priority matching system. Here’s how it works:
Scenario: Orders at $0.4, $0.6, and $0.8
1. If the First Sell Order is at $0.4
The $0.4 buy orders will be filled first. If there’s more supply at $0.4, it continues filling until the order book moves to $0.6.
2. If the First Sell Order is at $0.6
The $0.6 buy orders will be filled first. The $0.4 buy order stays unfilled unless a seller lowers their price.
3. If the First Sell Order is at $0.8
The $0.8 buy orders will be filled first. The $0.4 and $0.6 orders stay unfilled unless sellers lower their prices.
Key Takeaways
Buy orders at a higher price are filled first because they match the first available sell order. If multiple orders exist at the same price, the one placed earlier gets filled first (FIFO rule). If the first sellers set high prices (e.g., $1), none of the $0.4, $0.6, or $0.8 buy orders get filled immediately.
Thanks for reading.
Disclaimer: This should not be considered financial advice. Always do your own research #dyor
🔥 I will post technical analysis on RED price movement and prediction soon, so stay tuned!
🏆 Follow me for objective and informative market news & analysis 🏆