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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

Terms18 shown

Block TradeA large order privately negotiated outside a public order book to reduce slippage and market impact.
Buy WallA large concentration of limit buy orders at the same price in an order book that may slow or prevent a price decline.
MakerA participant whose order is not executed immediately after submission, causing it to remain in the order book awaiting matching with someone else later.
Over the Counter (OTC) tradingA method of buying and selling tokens outside an exchange’s public order book, helping avoid large orders directly affecting the available execution volume in the order book.
last priceThe execution price of the most recent completed trade in an order book.
order bookA ledger of available buy and sell orders in a market, including their quantities and prices.
centralized exchange (CEX)A platform that uses an order book to match buy and sell orders and exchange crypto assets at the market price of a trading pair.
Taker FeeA fee typically charged when a market order consumes existing liquidity from the order book.
Over-the-Counter (OTC) TradingAn asset transaction negotiated directly between a buyer and seller without using an order book.
Over-the-Counter (OTC) TradingA trading method in which the two parties negotiate the price and quantity directly rather than using an exchange's order book.
Block TradeA large asset transaction completed through private negotiation outside a public order book.
Market OrderAn instruction to buy or sell without setting a maximum or minimum execution price, executed as quickly as possible at the best available price in the order book.
Automated Market Maker (AMM)A trading mechanism that facilitates transactions using liquidity pools funded by users, rather than relying on traditional order books.
Order bookA CEX aggregates and matches buy and sell orders, thereby establishing a record and pricing mechanism for executed prices.
Order Book EWMA ModeA pricing mode based on an order-book-derived impact mid-price that uses an exponentially weighted moving average to smooth the index price.
Order Book ModelA trading model in which buyers and sellers set their own prices, and buy and sell orders facilitate matching and price discovery.
Order Book DepthThe quantity of buy and sell orders at different price levels, indicating how much trading a market can absorb without a large price change.
Instant SwapA feature that enables instant crypto-to-crypto exchanges without directly using an order book.

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Definition

Over-the-Counter (OTC) Trading

An asset transaction negotiated directly between a buyer and seller without using an order book.

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