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
REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.