Binance order book

An order book is a list of trades, either electronic or manual, that an exchange uses to record market interest in a specific security or financial instrument . Shares are normally listed in an order book by volume and by price level.

The order book is a list of the currently open buy and sell orders for an asset, organized by price . The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The orders color-coded in green show buy orders at specific price levels, while the orders in red show sell orders.

You can visualize the order book via the market depth chart on Binance . Bids in green on the left side and asks in red on the right side, forming what looks like a valley around the market price. You can also fetch order book data through Binance’s API.

On the Bybit trading interface, to the right of the trading chart , you can find the Order Book. Besides the last traded price and best bid and ask price, the Order Book reveals important information about market depth.