Grassroot Crypto Education Assignment | The concept of Market Makers and Takers by @dorismos

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Greetings to everyone in this community. It's another series/volume of crypto education and this time it's on market makers and market takers. To many this topic may sound cumbersome because it involves the crypto market but on a general sense, it's nothing much if you understand the concept because it's with the concept you can understand others involved. In this post, I'll answer the following questions related to the concept of Market Makers and Takers. As @fredquantum said, I'll be brief and straightforward. I want to specially thank him for his incessant efforts in lecturing us in crypto weekly.

Briefly Explain an Order book in the Crypto Ecosystem

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To be precise and in my own understanding, an Order Book in the crypto ecosystem is a ledger or list of trades, orders and other information for securities traded at an exchange visible to everyone who choose what price they are buying or selling their assets. It pertains to centralized exchanges . It is also a list of real-time buy and sell orders for a particular asset placed on the market by traders. Buyers and sellers are interests are represented in the book..

What is your understanding of Market Makers and Market Takers?

From the word Makers,it means people are involved in creating or making something amd auctioning it in the open market. Market Makers are therefore creators of different types of orders in the crypto market. Activities done is either buying or selling of orders. Market Makers places order at a fixed price or predetermined price that are largely utilized by other traders willing to either buy or sell a crypto asset in the crypto market. A market maker creates liquidity in the market by buying and selling securities at a publicly quoted price. The order he creates as a maker are not filled immediately until the right customers fill their market intentions. A market maker is just like a wholesaler in the capital market while the market takers which I'm about to discuss now is the consumer.

Market Takers

Market Takers utilizes orders placed by the makers to fulfill their trading desires. They don't need to wait for their orders to be matched with a desired buyer or seller. They can utilize limit and market order and their limit order doesn't includes post only.

State their Differences.

Makers	Takers
They provide two sided markets	They trade the prices set by makers
Makers places orders at a predetermined price.	They utilize orders placed by the makers to fulfill their trading desire
Their limit order include post only	their limit order doesn't includes post only.

What are the types of orders that can be utilized by Market Makers and Market Takers?

Market Makers	Takers
Limit order	Limit and market order

Market order is an order to buy or sell a stock or crypto asset at the market's current best available price or at an unguaranteed price. It is an order set to buy or sell a crypto asset immediately without setting minimum or maximum market price at which you are willing to complete the transaction.

Show an illustration from an exchange with screenshots (It's not necessary to make real trades, please take note).
I can't create an account to access the site. This is what is showing.

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Cc,
@steemkidss
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@fredquantum