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↗️+0.49 Bitcoin BTC $50950.87 $963525255595
↗️+0.43 Ethereum ETH $4083.67 $485498992808
↗️+0.17 Binance Coin BNB $546.51 $91157831942
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↗️+0.01 SHIBA INU SHIB $0 $20409605413
↗️+0.02 Polygon MATIC $2.59 $18372504556
↗️+0.66 Crypto.com Coin CRO $0.66 $16572076704
↘️-0.02 Binance USD BUSD $1 $14633487057
↗️+0.15 Wrapped Bitcoin WBTC $50761.61 $13144211845
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↘️-0.12 Uniswap UNI $17.29 $10866802535
↘️-0.05 Chainlink LINK $21.92 $10235656155
↘️-0.04 Algorand ALGO $1.56 $9927931679
↘️-0.02 TerraUSD UST $1 $9884681374
↘️-0.06 Dai DAI $1 $9327656964
↗️+1.07 NEAR Protocol NEAR $15.03 $8972489603
↗️+1.02 Bitcoin Cash BCH $457.83 $8670065526
↗️+0.15 TRON TRX $0.08 $8326986878
↘️-0.01 Stellar XLM $0.29 $7115588742
↗️+0.35 Decentraland MANA $3.77 $6869459779
↗️+0.27 Axie Infinity AXS $108.27 $6594217088
↘️-0.7 Cosmos ATOM $28.47 $6441664178
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This piece is the first of a three-piece series. We’re covering order book depth in this one. The second and third pieces cover bid-ask spreads and slippage, respectively. Binance consistently ranks as the #1 exchange by trading volume across market data aggregation sites like Coinmarketcap and Blockchain Transparency Institute, forex cardano trade. On the other hand, order book data is significantly more trustworthy. You can test the validity of an order book by executing an order against it. Only an exchange completely out of their wits would try to tamper with its order book. It’s a completely reckless, fraudulent, and self-destructive move. While you can find plenty of data on Binance’s trading volumes. I haven’t been able to glean any information or analysis on Binance’s order book. So this article is going to feature a deep dive on this topic. Note that this piece is actually the first of a three-piece series. We’re covering order book depth in this one. The second and third pieces will cover bid-ask spreads, and slippage, respectively. What is an Order Book? An order book is just an electronic list of buy and sell orders for an asset, organized by price level. These buy and sells orders are respectively referred to as bids and asks. A bid refers to the highest amount of price you are willing to pay for an asset. An ask refers to the lowest amount of money you are willing to sell your asset for. If you submit a buy/sell order for a quantity that can be instantly matched at the proposed price, you are considered a taker. Taker trades do not go on the order book since they do not need to. If the buy/sell order cannot be matched at the proposed price and you are waiting for someone else to take the other side, you are considered a maker. Maker trades end up going on the order book. You can visualize the order book via the market depth chart on Binance. 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Market information on 2021-12-25 18:57:43
Market capitalization: $ 2378 billion (+ 6.1%) 🔺 (against $ 2365 billion yesterday morning).
Weighted average Bitcoin rate $50951 (+0.49239593 %) 🔺 with a capitalization of $ 964 billion and a dominance index of 41%
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