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FAQ

Trading

What does “taker” and “maker” mean?

Taker:

When you place an order that executes immediately (by filling partially or fully from orders that already exist in order book). Before the order is placed in order book, those trades will be "taker" trades. Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker."

Maker:

When you place an order that goes on the order book partially or fully, any subsequent trades coming from that order will be as a “maker.” These orders add volume to the order book, helping to "make the market," and are therefore called the "maker" for any subsequent trades.

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