Most of the exchanges (I am referring here to traditional, centralized exchanges) use a system based on order books, where buyers and sellers are matched to trade. The order book is a list composed of all currently active orders on a trading pair and shows the price and sum of all orders available at any given price. The total sum of orders creates the market.
Order Books
Order Books
Order Books
Most of the exchanges (I am referring here to traditional, centralized exchanges) use a system based on order books, where buyers and sellers are matched to trade. The order book is a list composed of all currently active orders on a trading pair and shows the price and sum of all orders available at any given price. The total sum of orders creates the market.