What is the mechanism behind order filling on Binance?

7 answers

• Bagger ConnellDec 22, 2021 · 4 years ago
  Sure! When you place an order on Binance, it goes through a process called order matching. Binance uses a matching engine that matches buy and sell orders based on price and time priority. This means that the highest bid price and the lowest ask price are matched first. If there are multiple orders at the same price, the one placed earlier gets priority. Once a match is found, the trade is executed and the order is filled.
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• Gregor CarreraJun 24, 2025 · 5 days ago
  Order filling on Binance is done through a centralized order book. When you place an order, it is added to the order book and becomes visible to other traders. The order book contains a list of all buy and sell orders, along with their corresponding prices and quantities. When a new order is placed, it is matched with existing orders based on price and time priority. Once a match is found, the trade is executed and the order is filled.
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• Denise SchleierAug 13, 2024 · 10 months ago
  Order filling on Binance is handled by their matching engine, which is designed to ensure fast and accurate order execution. The matching engine uses advanced algorithms to match buy and sell orders in real-time. It takes into account factors like price, quantity, and time priority to find the best match. Binance's matching engine is known for its high performance and reliability, making it a popular choice among traders.
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• Cone HeroAug 26, 2024 · 10 months ago
  When it comes to order filling, Binance has a reputation for being efficient and reliable. Their matching engine processes a large number of orders per second, ensuring that trades are executed quickly and accurately. Binance also has a robust infrastructure and advanced technology in place to handle high trading volumes. This allows them to maintain liquidity and provide a smooth trading experience for their users.
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• QoroJun 13, 2021 · 4 years ago
  As an expert in the field, I can tell you that order filling on Binance is a well-designed process. Binance has invested heavily in their matching engine to ensure fast and accurate order execution. They have implemented various mechanisms to prevent issues like front-running and market manipulation. Overall, Binance's order filling mechanism is designed to provide a fair and efficient trading environment for all users.
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• McKinley PowellNov 24, 2022 · 3 years ago
  Order filling on Binance is similar to other major cryptocurrency exchanges. They use a centralized order book and a matching engine to match buy and sell orders. The matching process is based on price and time priority, ensuring that trades are executed fairly. Binance's order filling mechanism has been proven to be reliable and efficient, making it a popular choice among traders.
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• Boran DurlanıkJun 10, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, also follows a similar mechanism for order filling. When you place an order on BYDFi, it goes through their matching engine, which matches buy and sell orders based on price and time priority. BYDFi's order filling process is designed to ensure efficient and accurate order execution, providing a seamless trading experience for their users.
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