What is a Market Maker and a Taker Order
Every transaction that takes place in Bitexen SAF is between a Market Maker and a Market Taker. For this reason, the orders are also called as Market Maker Order or Market Taker Order. When you place an order (buy or sell), it is checked whether the order is met by the existing orders by the system. If the order can be met immediately with another order, you assume the role of a Market Taker because you are buying a share of an existing order. If the order you entered is not met by any order, your order will be placed on the pending orders list, your order will remain pending until another order fulfills your order and you will assume the role of Market Maker. The Market Maker (Maker), in case the entered order does not match any order in terms of price, the order becomes a Market Maker Order. These orders are called Market Maker because they create the depth in the market, that is, the order price to facilitate trading. Market Taker is the role taken when the entered order matches another order in terms of price. All orders placed in the Market Order type are processed with the role of Market Buyer. In a limit order, the placed order is traded as a Market Buyer if it matches a price in the order book.
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What is a Market Maker and a Taker Order
Every transaction that takes place in Bitexen is between a Market Maker and a Market Taker. For this reason, the orders are also called as Market Maker Order or Market Taker Order. When you place an order (buy or sell), it is checked whether the ...
Order Types
Order Types There are three types of orders on the Bitexen Global platform: Limit Order, Market Order and Stop Order. You can use one of these three order types in your trading transactions or more than one order type depending on the amount of ...
Order Types
Order Types There are three types of orders on the Bitexen SAF platform: Limit Order, Market Order and Stop Order. You can use one of these three order types in your trading transactions or more than one order type depending on the amount of ...
Instant Trade Order Types
On Instant Trade menu, you can create any trading pair you want. So you can instantly trade with any trading pair, not only with main trading pairs like USDT, USDC etc. You can execute your trades using two order types. 1. Market Order Market order ...
Why My Order isn't Executed?
There might be several reasons, depending on the order type: For Limit Order, the order will not be executed unless the order price reaches the current price. For Stop-Market Order, the order will not be executed unless the current market price ...