Cryptocurrency Q&A
How does order book change in a crypto exchange?
How does order book change in a crypto exchange?
HanbokGlamourQueen
Wed Jul 17 2024
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7 answers
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Could you elaborate on how the order book dynamics work in a cryptocurrency exchange? I'm curious about how the buy and sell orders are organized, how they affect the price of a particular cryptocurrency, and what factors might lead to significant changes in the order book. Does the order book remain static or does it change frequently? How do traders use the order book to make informed decisions? I'd appreciate a concise yet comprehensive explanation of the role of the order book in crypto trading.
7 answers
Valentina
Fri Jul 19 2024
In the realm of cryptocurrency trading, the dynamics of the order book are paramount.
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Stefano
Fri Jul 19 2024
As traders engage in the process of adding, removing, modifying, and executing their orders, the structure of the order book evolves.
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GyeongjuGlory
Fri Jul 19 2024
A cryptocurrency exchange, for instance, may maintain an order book specific to the BTC/USD trading pair.
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CryptoBaron
Thu Jul 18 2024
This order book serves as a comprehensive ledger, encompassing all the buy and sell limit orders that customers have placed on the exchange.
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Daniele
Thu Jul 18 2024
The buy limit orders represent customers' willingness to purchase bitcoin (BTC) at a specified price or lower, expressed in U.S. dollars (USD).
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