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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms17 shown

Block TradeLarge orders privately negotiated outside the public order book, with the aim of reducing slippage and market impact.
Buy WallA large limit buy order concentrated at the same price in the order book, which may slow or prevent a price decline.
MakerA participant whose order is not executed immediately after submission, leaving it in the order book to await subsequent matching by others.
Over the Counter (OTC) tradingA method of buying and selling cryptocurrencies conducted outside the exchange’s public order book, which can avoid large orders directly impacting the available trading volume in the order book.
last priceThe execution price of the most recent completed trade in the order book.
order bookAn order book that records the buy and sell orders available in the market, along with their quantities and prices.
Centralized Exchange (CEX)A platform that matches buy and sell orders through an order book and completes cryptocurrency exchanges at the market price of the trading pair.
Taker feeThe fee typically charged when a market order consumes existing liquidity in the order book.
Over-the-counter (OTC)Buyers and sellers trade assets through direct negotiation without using an order book.
Over-the-counter trading (OTC）A trading method in which the two parties negotiate the price and quantity directly rather than through a trading platform’s order book.
Block tradeThe purchase or sale of a large quantity of assets completed through private negotiation outside the public order book.
Market OrderAn instruction to execute a buy or sell as quickly as possible at the best available price currently shown in the order book, without setting a maximum or minimum execution price.
Order BookCEX A record-keeping and pricing mechanism used to aggregate and match buy and sell orders, thereby determining transaction prices.
Order Book EWMA ModeA pricing model that derives the order-book-impact mid-price and uses an exponentially weighted moving average to smooth the index price.
Order book modelA trading model in which buyers and sellers set prices independently, and buy and sell orders facilitate matching and price discovery.
Order book depthThe quantity of buy and sell orders at different price levels, reflecting the market’s ability to absorb trades without significant price fluctuations.
Instant SwapA feature that enables instant crypto-to-crypto exchanges without directly using the order book.

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Definition

Over-the-counter (OTC)

Buyers and sellers trade assets through direct negotiation without using an order book.

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