Skip to main content

Asset/Agent

Introduction​

Welcome to the Asset/Agent documentation. Asset/Agent is the place where users trade assets at the current market conditions. It is designed for simple buy/sell transactions using real-time prices, making it a common starting point for new users who want to purchase an asset and hold it, or trade without leverage.

Asset/Agent trading follows the same core concept used across many markets: you place an order, the system matches it with available opposite orders, and the trade settles based on the market’s rules and liquidity.

What is an Asset/Agent Market?​

An Asset/Agent Market is a public market where assets are exchanged at prices determined by active buyers and sellers. The market price changes as new orders enter the order book and as trades execute.

What is Asset/Agent Trading?​

Asset/Agent Trading means buying an asset when you believe its value may increase, and selling when you want to take profit or manage risk. You can also sell assets you already own to convert them back into another asset (for example, converting a token into sCNH).

Asset/Agent trading is commonly used because:

  • It is straightforward (no leverage required)
  • Trades are priced by real market activity
  • Execution can be fast when liquidity is available

Key terms​

  • Order Book: List of open buy/sell orders waiting to be matched
  • Market Price: The best available price based on current orders
  • Liquidity: How easily an order can fill without moving the price
  • Slippage: A difference between expected price and final execution price
  • Partial Fill: When only part of the order executes due to limited volume
  • T+2: Settlement timing used in some traditional markets

Tips for users​

  • If you want price control, use Limit Orders, but understand they may take time to fill.
  • Always check available volume and recent trades before placing large orders.
  • If you see unexpected fills, review the order book depth and your order type.

How pricing and execution work​

The price you see in Asset/Agent updates in real time.

Order matching priority​

  • Price priority: better prices match first
  • Time priority: if prices are the same, earlier orders match first

Partial fills and multi-price execution​

  • Fill partially: only part of the amount executes if volume is limited
  • Fill across multiple prices: especially with market orders

Example: If you want to buy 10 units at the current price but only 3 units are available at that price, the remaining 7 units may execute at the next available prices.

Order type in Asset/Agent​

  • Limit Order
    • Executes only at your selected price (or better)
    • Useful when price control matters
    • May not fill immediately (or may not fill at all)

Settlement and delivery time​

Settlement depends on the type of asset being traded:

  • Crypto markets often settle quickly and operate 24/7
  • Traditional markets may follow business-day settlement (commonly described as T+2, meaning trade date + two business days)

More coming soon​

Additional Spot topics will be added, including:

  • Getting Started with Asset/Agent
  • Order Types
  • Trading Pairs
  • Fees and Limits