Crypto Exchange Order Book - The Important Features of an Order Book - 2/2

Decimals

The decimals simply represents the distance between each prices on the sell or buy orders. When there are more decimals, the distance between each prices are very close to each other and when the number of decimal is few, the distance between each prices are far apart from each other. Example, a 0.000001 decimal will mean that the prices are 0.000001 decimals apart from each other. A decimal of 0.01 means that the prices are 0.01 decimals apart from each other. This can come in very handy for users to have a bigger view of the prices. This does not affect the prices, it is only a visual representation, much like grouping the prices.

Asset price

The asset price is simply the prices of the asset on the order book that is set based on the paired asset. Example LTC/BTC pair, the price will be set based on the BTC value. On the ask/sell order, the asset price column is simply the prices that the sellers have set to sell each of the asset. Simply put, it is the prices of the different sell orders on the order book placed by the sellers. The prices on the sell orders are ranked from lowest price all the way up to the highest price. The lowest prices get filled before the highest prices. On the bids/buy order, the asset price column is simply the prices that the buyers have set to buy each of the traded asset. Simply put, it is the prices of the different bids on the order book placed by the buyers. The prices on the buy orders are ranked from highest price all the way down to the lowest price. The highest prices get filled before the lowest prices.

Asset amount

The asset amount is simply the amount of assets in the sell order. In the buy order, the asset amount represents the amount of assets that the buyers want to buy for each prices. Each sell order row has it amount of assets on each prices. When all the amounts on each price rows is calculated, it makes up the total amount of assets that is placed for sell in the order book. Example if the prices on the sell orders are $5, $6, $7, $8, and the amount of assets on each prices are 5000 LTC, 2000 LTC, 20000 LTC, 3500 LTC. If another seller wants to sell 15000 LTC at $6, then the amount of assets on the $6 will increase to 17000 LTC. However, it will be filled on first come first serve basis or else a buyer wants to fill the whole 17000 LTC at once. On the buy order, the amount keep increasing on each prices levels as buyers keep placing bids on any of the same prices on the buy order book. A new amount and the corresponding price will be added on new row if the price set isn’t already on the order book. If the trading pair is BNB/BTC, the amounts will be in BNB.

Total

The total is simply the total value of the asset in sell order and buy order, on each price levels and it is based on the trading pair. In a BNB/BTC trading pair, the total will be in BTC value. The total is calculated by multiplying the price on each row by the corresponding amount to get the total value. Example if the price on the sell order is 0.009262BTC and the amount of BNB on the 0.009262BTC row is 8.80 BNB, then the total value will be 0.009262BTC x 8.80 BNB which will be 0.08151 BTC. We can see it in the screenshot.