Open/Close
By CoinGecko | Updated on Mar 03, 2020
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day. In general, these terms were more useful in traditional financial markets as there are fixed hours of the day in which trading occurs.
Related Terms
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
Pay-Per-Last N Shares (PPLNS)
PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.