Order Book vs Spread

Quick comparison to help you distinguish these two crypto terms.

Order Book
beginner
market_structure

A real-time electronic record of all open buy and sell orders for a cryptocurrency on an exchange, showing the prices and quantities that traders are willing to transact at.

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Spread
beginner
market_structure

The difference between the lowest ask price and the highest bid price for a cryptocurrency on an exchange, representing the immediate cost of executing a trade at current market prices.

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