In cryptocurrency, an exact match refers to a situation where a buy order is matched with a sell order at the precise same price. This means that the buyer and seller agree on the price at which the transaction will take place.
Exact match is important because it ensures that the trade is executed at the price that both parties have agreed upon, without any discrepancies. This helps in maintaining transparency and fairness in the trading process.
When an exact match occurs, the trade is considered to be fulfilled and the cryptocurrency is transferred from the seller to the buyer at the agreed price. This process is typically facilitated by a cryptocurrency exchange platform, which matches buy and sell orders based on their prices.
Overall, exact match plays a crucial role in ensuring smooth and efficient trading of cryptocurrencies, as it helps in establishing trust and reliability between buyers and sellers in the market.
