How does order allocation work in the world of digital currencies?

1 answers

• May 02, 2022 · 3 years ago
  Order allocation in the world of digital currencies is a fascinating process. When you place an order on a cryptocurrency exchange, the exchange's order matching engine goes to work. It looks for other orders that match your criteria, such as price and quantity. Once a match is found, the order is executed and the trade is completed. The order allocation algorithm ensures that orders are matched fairly and efficiently. Different exchanges may have different order allocation algorithms, but the goal is always the same - to match buyers and sellers and facilitate smooth trading.
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