Cryptocurrency Order Book

One of Dynamic Technologies’ biggest differentiators from the market is that we provide an aggregated order book and source price data from 10+ cryptocurrency exchanges.

An order book is a digital record of buy and sell orders for a particular asset, such as a cryptocurrency. It is used by an exchange to match buyers and sellers and execute trades.

An aggregated order book is a combined view of the order books from multiple cryptocurrency exchanges. It is a data feed that takes the bids and asks from several different exchanges and compiles them into a single view. This allows for a more comprehensive view of the market and can help traders to find the best prices for their trades.

The advantages of having an order book with quotes from several major exchanges include:

• Greater liquidity: By combining the order books from multiple exchanges, an aggregated order book can provide a more complete view of the market, making it more likely that a trader will find a buyer or seller for their order.
• Better price discovery: An aggregated order book can help traders to find the best prices for their trades by displaying the best bid and ask prices from multiple exchanges.
• Reduced slippage: Slippage is the difference between the expected price of a trade and the actual price. An aggregated order book can help to reduce slippage by providing traders with a more accurate view of the market and allowing them to find the best prices.
• Increased transparency: An aggregated order book can provide traders with a more transparent view of the market, allowing them to see the depth of the order book and the size of the orders on each exchange.
• Risk management: By having an aggregated order book, traders can see order books from multiple exchanges at the same time and can make informed decisions about which exchange to trade on.

It's worth noting that the availability of aggregated order books is not very common in the cryptocurrency market and it's still a developing technology. Some trading platforms are offering this feature, but not all of them. It is important for traders to research and find a reputable platform that offers this feature before using it.

The Dynamic Technologies provides traders with the aggregated order book to help them get filled at the most competitive prices in the market.