How does orderbook trading work on popular cryptocurrency exchanges?

3 answers

• donnadmclarFeb 27, 2023 · 3 years ago
  Sure! Orderbook trading on popular cryptocurrency exchanges is a system that matches buy and sell orders from traders. When you place an order to buy or sell a specific cryptocurrency, it goes into the orderbook. The orderbook is a list of all the buy and sell orders for a particular cryptocurrency, organized by price and quantity. When a buy order matches a sell order, a trade is executed. The price at which the trade is executed is determined by the highest bid and the lowest ask in the orderbook. This process ensures that trades are executed at the best available price.
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• Inderjit Singh GillOct 20, 2025 · 2 months ago
  Orderbook trading is like a marketplace where buyers and sellers come together to trade cryptocurrencies. The orderbook shows all the buy and sell orders, and traders can place their orders at a specific price and quantity. The orderbook is constantly updated as new orders are placed or existing orders are filled. When a buy order matches a sell order, a trade occurs. The orderbook trading system allows for transparency and liquidity in the cryptocurrency market.
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• ManjushaSep 11, 2025 · 3 months ago
  Orderbook trading is a fundamental concept in the world of cryptocurrency exchanges. It works by matching buy and sell orders based on price and quantity. When you place a buy order, it will be matched with a sell order at the same or a better price. Similarly, when you place a sell order, it will be matched with a buy order at the same or a better price. This ensures that trades are executed fairly and efficiently. Popular cryptocurrency exchanges like BYDFi use orderbook trading to provide a seamless trading experience for their users.
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