Glossary

Maker

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A maker order occurs when a trader places an order that rests on an exchange’s order book for some amount of time instead of executing immediately. This can happen when a limit order is submitted at a price that cannot be met instantaneously.

Maker orders create the liquidity on a market that allows taker orders to execute. It is common for exchanges to offer lower fees to maker orders to incentivize traders to add liquidity to the order book.