An Order Book Contract is a type of agreement related to the trading of cryptocurrencies. It typically involves a decentralized exchange where buyers and sellers place orders for digital assets. The order book displays these orders, including their prices and quantities, facilitating market transactions.When a buyer wants to purchase a cryptocurrency, they submit a buy order at a specific price. Conversely, sellers place sell orders. The order book matches these orders, which helps to establish the current market price of the asset. These contracts often allow users to trade directly with one another without intermediary parties. The transparency of the order book enables all participants to see available prices and volumes, fostering a more efficient trading environment. Overall, Order Book Contracts play a crucial role in providing liquidity and helping traders find optimal buying or selling conditions in the cryptocurrency market.
Bit Digital Acquires 31,057 ETH Through $150M Convertible Notes Offering
Bit Digital Inc. (Nasdaq: BTBT) has purchased 31,057 Ether (ETH) using proceeds from its recently completed $150 million convertible notes