Coinbase Restricts Market Orders for BLUECHIP-USD Pair to Limit Price Volatility

Coinbase ($COIN) has reportedly shifted the BLUECHIP-USD trading pair to a limit order-only mode, restricting market orders. Crypto Briefing reported that this move could affect the liquidity and price discovery of the pair. Coinbase's trading rules state that in limit order-only mode, users can only submit or cancel limit orders, with market orders being rejected.