In this article, we shall be exploring the system that matched orders both buy and sell orders and the decentralized nature of metatdex.
An order book is a list of orders (trades) that presents different offers from buyers and sellers for a specific token or crypto coin. It shows the prices and volumes that people in the market are willing to buy and sell the token or crypto coin for.
Metatdex is a decentralized trading platform, a United States MBS licensed and Dubai DMCC licensed company. MetaTDex is a decentralized trading platform where the entire process of orders, matching and trading are smart contract based.
Orderbook matching is a system that is prominent in stock trading which is now being widely adopted and used in cryptocurrency, this orderbook is electronic which makes it available for worldwide use, MetaTdex as a global decentralized trading platform using the electronic orderbook position itself to best serve the over 430k users using the trading platform worldwide.
Orderbook matching provides instant, and valuable market pricing information over the token and crypto coins it is recording. It is a useful tool for traders and financial analysts.
Now, lets look at the components of this orderbook
- Buyer’s and seller’s side market price recorder
- Bid and ask used as alternatives to Buyer and seller side where Bid is for (Buyer) and Ask for the (seller)
- Price information recording interest of both traders, buyer and seller.
- Total column recording the cumulative amount of token or crypto coins sold from different prices
- Visual infographics that help gauge the buyer and seller interest at specific price levels. This data can provide valuable information about potential supportand resistance.
Let’s explore what are the advantages of the orderbook matching system.
- An order book shows the buy and sell prices in real-time (constantly being updated).
- It allows market participants to make informed decisions.
- It helps market participants understand the market trends and dynamics over time.
Finally, let’s explore MetaTdex decentralized orderbook.
MetaTdex is an order book matching decentralized trading platform built with pure smart contracts. The overall ecological layout covers Crypto Wallet, DEX, DeFi, GameFi, DAO, NFT, Mining Pool and other sectors.
MetaTdex created an ideal scenario, a non-custodial decentralized trading platform that runs a fair, viewable and decentralized order book, allowing on-chain asset trading and swaps on blockchain, thus giving traders both the choice and the freedom to enact their desired strategies, while accessing any trading pair as long as sufficient liquidity is available.
The decentralized order book will be fast to keep up with the pace of market movements, and fair, with everyone being able to access trading data.
Metatdex is Committed to becoming a Web3.0 overall solution provider while pooling usability, liquidity, security, and functionality within a simple, yet beautiful interface suitable to both beginners and crypto-natives.
Thanks to its beautiful interface, where the order books is integrated, thus creating a powerful, fair, and non-custodial approach to decentralized trading that supports market order, limit orders, and advanced charting.
In conclusion, MetaTdex is a decentralized trading platform that believes in investors holding their coins, Not your keys, Not your coins.
For more information.
Want to find out more about MetaTDex? use the following links listed below.
Official website: www.metatdex.com
Telegram Channel: t.me/MetaTdexChannel
Telegram Group: t.me/MetaTdex_group
Official Twitter: twitter.com/MetaTdex
Official Medium: Medium.com/@MetaTdex
MetaTDex app download: www.metatdex.com/app/index.html?html?scode=C809Q