Market Order
An order to buy or sell an asset immediately at the best available current price.
What is Market Order?
Market orders ensure execution but not price; a buy order for 100 BTC “walks the book,” filling at escalating asks if depth is shallow. In crypto, they suit urgent trades on Binance, where slippage can reach 2% on large orders.
Common on CEXs like Coinbase, they dominate retail volume but expose to volatility in thin markets.
Order management systems integrate them for efficiency, as in Fireblocks’ trading models.
Related Terms
OP Stack and OP Superchain
The modular, open-source framework for building Ethereum Layer 2 chains, forming the interconnected Superchain ecosystem.
Quantum Resistance
Cryptographic designs protecting blockchains from quantum computer attacks on public keys.
Preferred Stock
Equity securities with priority over common stock for dividends and assets, used in Strategy's stack for Bitcoin funding.
Oracle (Prediction Market)
A trusted source that provides off-chain data to resolve the outcome of a prediction market contract on a blockchain.
Price Oracle
A mechanism providing real-time price data for digital assets in DeFi protocols.
Pendle
A DeFi protocol for tokenizing and trading future yields from digital assets, enabling users to separate principal from yield for fixed-rate strategies and speculation.