Cove launches counter trading, selling slices of user positions into buy-side liquidity to exit without dumping charts

Cove has introduced a feature called counter trading, which automatically sells a slice of a user's position into liquidity whenever someone else buys. The stated purpose is to let users exit holdings without causing a sharp drop in their own chart. The announcement was made on X and links to further documentation about the feature. In replies, Cove indicated that an extension will be live soon and responded to user comments. No pricing, volume figures, or technical details were provided in the post itself.

✨ AI summary of the linked source — not editorial content.

Explore the topic

• Launch