What Is an Exchange Order Book?

A crypto order book is a digital record of all buy and sell orders for a particular cryptocurrency. It is used to match buyers and sellers at the best possible price. The order book lists the price of the cryptocurrency and the number of coins or tokens available at that price. Buy orders (bids) are listed in descending order by price, while sell orders (asks) are listed in ascending order by price. When a buyer and seller agree on a…