An order book is a live list of buy and sell orders for a specific trading pair, like XCM/EUR, on the Coinmetro Exchange or Margin Platform. It shows the prices and amounts that traders are willing to buy or sell at, giving you a clear picture of market activity.
Order books are split into two main sections:
Bids (green): Orders from buyers
Asks (red): Orders from sellers
The mid-price (highlighted in yellow) sits between the lowest ask and the highest bid, giving a quick reference point for the market.
Order books are essential tools for traders, helping you understand liquidity, market depth, and price trends
🔍 How to Find an Order Book on Coinmetro
For details on how to find an order book on both the Exchange Platform and Margin Platform:
💻 On a Web Browser
💻 On a Web Browser
From your dashboard, go to the Menu on the left of the screen.
Click on Exchange or Margin.
Use the dropdown menu above the price chart to select the trading pair you wish to trade (e.g., XCM/EUR).
Find the order book on the right of the price chart.
📱 On the Mobile App
📱 On the Mobile App
From the home screen, tap on the Menu icon (☰) in the top-left corner of the screen.
Tap on Exchange or Margin.
Use the dropdown menu above the price chart to select the trading pair you wish to trade (e.g., XCM/EUR).
Scroll down until you find the order book for your chosen trading pair under the price chart.
🏷️ Active Orders & Market Makers
Anyone can become a market maker by placing a Limit Order. Once your order is active, it appears in the order book with a dot:
Bids (green): Your buy orders
Asks (red): Your sell orders
Note: Your order stays in the queue until another trader fills it or you choose to cancel/edit it.
💹 Spread
The spread is the difference between the lowest ask and the highest bid.
Absolute value: e.g., €0.9085
Percentage value: e.g., 0.05%
Coinmetro displays both values for full transparency.
📊 Cumulative Orders
Cumulative orders sum up all orders at each price level to give a clearer view of total liquidity.
Toggle Cumulative Orders via the 3 dots next to the order book.
Helps assess how large your market order might impact the price.
📈 Cumulative Volume
Cumulative volume shows the total volume of buy and sell orders at each price level via the red and green bars.
Toggle Cumulative Volume using the 3 dots next to the order book.
Helps identify large orders or gaps in liquidity quickly.
💡 Tips
Active limit orders appear with a dot in the order book.
Use cumulative orders/volume to understand market depth.
Monitor spreads before placing market orders to minimize slippage.
Coinmetro’s Demo Platform is always available to practice without risk.
FAQs
📌 What is the difference between the Exchange and Margin order books?
The Exchange order book is for spot trading, while the Margin order book shows bids and asks for leveraged trades.
💵 Can I place a limit order and appear in the order book?
Yes! Any active limit order automatically appears in the order book as a bid (buy) or ask (sell).
⏱️ What does “mid-price” mean?
The mid-price is the value between the highest bid and lowest ask, representing the market’s current equilibrium.
📉 How do I avoid slippage when using the order book?
Check cumulative orders and spreads to see how your trade size may impact the price before placing a market order.
🔄 Can I edit or cancel orders in the order book?
Yes, you can cancel or edit active limit orders at any time; the changes will update in real time in the order book.