What are makers and takers?

Updated 10 months ago by Andrew Rollins

Everbloom uses a maker-taker model for trading. This helpdoc describes what it means to make and take orders and to be a maker and a taker.

In order for a trade to actually happen, one user (the "maker") must "make" an order by creating and signing an order and placing it on the orderbook. Another user (the "taker") can then “take” that order from the orderbook and post it to the blockchain using Everbloom and their wallet software. In doing so, they act as the counter-party to the order and execute a complete trade. Funds on both sides of the trade get swapped.

Further Reading

  1. Maker vs. Taker in Cryptocurrency by CryptoCurrency Facts

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