A canceled order is a previously submitted order to buy or sell crypto that gets canceled before it executes on an exchange.
Some examples include:
- If your order is ‘Immediate or Cancel,’ after the order matches against the book, any remaining shares will be canceled back. Similarly, if you place a ‘Fill or Kill’ order, you are instructing the exchange to either execute the entire order or cancel it back to you if all sizes cannot trade.
- The duration of your order could also result in a cancellation if it has not been filled by the expiration date.