Market Order
An order to buy or sell an asset immediately at the best available current price.
What is Market Order?
Market orders ensure execution but not price; a buy order for 100 BTC “walks the book,” filling at escalating asks if depth is shallow. In crypto, they suit urgent trades on Binance, where slippage can reach 2% on large orders.
Common on CEXs like Coinbase, they dominate retail volume but expose to volatility in thin markets.
Order management systems integrate them for efficiency, as in Fireblocks’ trading models.
Related Terms
Domain Expertise (Prediction Market)
Specialized knowledge that enhances a participant’s ability to make accurate predictions in a specific field.
Wrapped Tokens
Wrapped tokens are digital assets on one blockchain that represent a 1:1 pegged equivalent of an asset from another blockchain or the same chain, enabling cross-chain compatibility or enhanced functionality.
Liquid Staking
A staking mechanism on Ethereum where users receive derivative tokens representing their staked ETH, allowing them to use these tokens in DeFi activities while earning staking rewards.
Price (order book)
The specific value at which buyers or sellers aim to trade a digital asset in the order book.
Slashing
A penalty mechanism in Ethereum’s proof-of-stake (PoS) consensus where a validator’s staked ETH is partially or fully deducted for violating network rules.
Market Maker (order book)
An entity providing liquidity by placing buy and sell limit orders in the order book.