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What are Makers and Takers

What are Makers and Takers

2021/09/23 20:37:15

Solve your problems and learn more about related topics through our tutorial video:What are Makers and Takers?

Read the whole article below for more details.

You become a maker when you place an order and the order is not carried out immediately, so it stays in the order book and waits for someone else to fill it later. If no order could match yours, then your order will remain in the market and the order book and provide liquidity for the market.

The people that buy or sell instantly are called takers. In other words, the takers fill the orders created by the makers. It reduces the liquidity in the order book and the market. When a user places a taker order on the order book, the other side of the order on the order book would be filled. 

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