Bids (buy orders)
Orders from buyers indicating the price and quantity they are willing to pay for a digital asset.
What is Bids (buy orders)?
Bids, or buy orders, represent the demand side in a digital asset’s order book, listing the highest prices buyers are willing to pay and the corresponding quantities, typically displayed in green and sorted from highest to lowest. For example, on Coinbase’s BTC-USD pair, bids scroll downward toward the middle, showing real-time buyer interest. The highest bid, known as the best bid, is at the top of this section and is the first to match with incoming sell orders.
In a typical order book, bids do not expose the number of individual traders but aggregate the total units sought at each price level. For instance, if ten buyers each want 2 BTC at $37,000, the bid shows 20 BTC at that price. Strong bids can indicate support levels, where large accumulations prevent price drops.
Related Terms
Fee Tier
The percentage fee charged on DEX trades, set by liquidity pools and distributed to liquidity providers, varying by pool type and volatility.
Payment Rails
Infrastructure for processing and settling digital asset transactions.
Tokenization
The process of converting real-world assets into digital tokens on blockchain, enabling fractional ownership and enhanced liquidity.
PIPE
Private placement of public equity shares to accredited investors at a discount, for quick capital.
Matching Engine
The algorithm that pairs buy and sell orders in exchanges based on rules like price-time priority.
OP Stack and OP Superchain
The modular, open-source framework for building Ethereum Layer 2 chains, forming the interconnected Superchain ecosystem.