Automated order matching refers to the process of matching buy and sell orders on a cryptocurrency exchange automatically. When a user places an order to buy or sell a particular cryptocurrency, the exchange’s system matches that order with the opposite type of order from another user. This matching process is done instantly and without the need for human intervention.
Automated order matching helps streamline the trading process by executing trades quickly and efficiently. It ensures that orders are matched based on price and time priority, following a predefined set of rules. This automated system helps prevent delays and ensures that trades are executed accurately based on market conditions.
Overall, automated order matching plays a crucial role in maintaining liquidity and efficiency in cryptocurrency trading. It allows users to buy and sell cryptocurrencies seamlessly without having to manually search for matching orders. The process is fast, reliable, and helps facilitate a smooth trading experience for users on the exchange.
