A real-time list of buy and sell orders organized by price level on an exchange.
The order book aggregates limit orders into bids and asks, forming market depth. Trades match when a market order crosses the spread or when opposing limits meet.
"A large buy wall in the order book can act as temporary support for BCH price."
Traders use order books to assess liquidity, slippage risk, and potential breakout levels.
"Thin order books on smaller exchanges can lead to higher slippage on sizable market orders."
All terms and definitions may update as the Cryptionary improves.