
How do exchanges match orders?
As a keen observer of the cryptocurrency market, I'm curious about the mechanics behind order matching on exchanges. Could you elaborate on how these platforms typically facilitate the matching of buy and sell orders? Specifically, what algorithms or processes are involved in efficiently pairing up orders to ensure fair pricing and timely execution? Additionally, how do exchanges handle order prioritization and ensure liquidity for traders? Understanding these operational details would greatly enhance my knowledge of the cryptocurrency ecosystem.
