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Cryptocurrency Trading / Re: Idea about order book, liquidty and market making
« Last post by enwi on Today at 02:21:36 AM »Maybe only a few exchanges dare to do that because of course every exchange has clear records of money coming in and out so that when an audit occurs it doesn't confuse their CEO.The detailed explanation about order book is absolutely correct but I want to mention about the con of using orderbook in the trading platforms, let's say you see an order that is available for buying at very cheap price than market rate but still its open so you immediately try to buy them but it's no more and this strategy is usually followed by every centralized exchanges to create fake liquidity, volume to attract more traders.It's true, each market often fakes liquidity and has a different order book, it all depends on the policy of the market you use, because if we look at several order books between exchange places, even though they use the same pair, they will still have different order books.