Order Book
Also known as limit order market order
An order book is a live list of the buy and sell orders waiting on an exchange for a particular trading pair, organised by price. Buy orders, or bids, sit on one side and sell orders, or asks, on the other. A market order fills immediately against the best available prices, while a limit order waits until the market reaches a chosen price. The depth of the book shows how much liquidity is available.
Related terms
- Liquidity How easily an asset can be traded without moving its price. Trading & Markets
- Centralized Exchange A company-run platform that holds customers’ funds and matches trades. Trading & Markets
- Slippage The gap between expected and actual execution price. Trading & Markets
- Fully Diluted Valuation Price multiplied by the total or maximum token supply. Trading & Markets
- Market Capitalization Price multiplied by circulating supply. Trading & Markets