Order Book

An order book is a form of digital documentation that lists any and all open orders for a specific digital asset on a trading platform, such as a cryptocurrency exchange. It’s usually arranged according to price, but can also be divided into different sections such as “buyer and seller” or “bid and ask.”

Aside from that, the information in an order book is usually presented using visual elements, such as tables or charts. You can see an example of an order book below:

Another general characteristic of an order book is that the orders it contains usually have specific price limits that investors set beforehand. These are called limit orders, and they’re better suited for traders who prefer long-term investment strategies, since they generally wait until a buyer can meet the specific price set by the seller.