What is an example of a Bitcoin exchange?
Norman For example, on a bitcoin exchange
, three coin vendors are requesting BTC/USD 2265.75, BTC/USD 2269.55, and BTC/USD 2270.00.
A dealer who starts a market call to purchase bitcoins will have their call filled at the best solicit cost from $2265.75. On the off chance that lone five bitcoins are reachable for the best approach and 10 coins are accessible for $2269.55, and the dealer needs to purchase 10 at market value, the merchant's organization will be loaded up with 5 coins @ $2265.75 and the staying 5 @ $2269.55.
Anyhow, a dealer who figures they can advance cost could set a breaking point request for, state, $2260.10. If a dealer organizes their ask cost with this request or sets a cost above this figure, the request will get filled. The totality of this is done by the trade, which takes a level of every exchange for their business.