Order Book
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.
Traders use order books to assess liquidity, slippage risk, and potential breakout levels.
Related terms
6 linkedExplore connected entries beyond the alphabetical index.
Cryptocurrency Exchange
→A cryptocurrency exchange is a platform for buying, selling, or trading digital assets through crypto or fiat markets.
Limit Order
→An order to buy or sell an asset at a specified price or better, without guaranteeing execution.
Market Order
→A market order buys or sells immediately at the best available prices, prioritizing execution over price certainty.
Bid-Ask Spread
→The difference between the highest bid and lowest ask price for an asset.
Liquidity
→How easily an asset can be bought or sold in size without causing a large price move.
Maker-taker fees
→Maker-taker fees differentiate between adding liquidity (maker) and removing liquidity (taker), with different fee schedules and rebates.
All terms and definitions may update as the Cryptionary improves.
