Order execution refers to the process of completing a trade on a cryptocurrency exchange. When a trader places an order, such as buying or selling a digital asset, the exchange must match that order with another order that aligns with it, either in price or quantity.There are several types of orders a trader can use, including market orders, limit orders, and stop orders. A market order executes immediately at the current market price, while a limit order sets a specific price at which the trader is willing to buy or sell. Stop orders are designed to limit losses by triggering a sale once a certain price threshold is reached.Effective order execution is crucial for traders since it affects the price that they ultimately pay or receive. Latency and slippage can occur if there is high volatility or low liquidity, meaning that the executed price may differ from the expected price. As such, traders often monitor the execution quality to ensure they achieve the best possible outcome for their trades.