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23.11 - 19:47
What is a Crypto Exchange Order Matching Engine?
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What is the primary objective of any cryptocurrency exchange? These platforms facilitate the purchase and sale of digital assets in exchange for other cryptocurrencies or fiat money. According to these experts, every cryptocurrency exchange is built on an order matching engine (OME).
These engines are critical to the operation of a cryptocurrency exchange since they keep all of the user orders. Additionally, a matching engine reconciles bid and ask prices, enabling holders to buy or sell assets at market pricing.
This automated technique is used to estimate the market depth. Orders are divided into categories based on their purpose
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