1. Makers and Takers The cryptocurrency trading market consists of makers and takers. Makers are traders who create orders and place them in the order book, waiting for others to complete the orders.1. Makers and Takers The cryptocurrency trading market consists of makers and takers. Makers are traders who create orders and place them in the order book, waiting for others to complete the orders.

Learn/Trading Guide/User Guide/What Are Makers and Takers?

What Are Makers and Takers?

Author: MEXC Research Team

Sep 21, 2026MEXC Research Team

4 min

#Beginners

ORDER$0.0307+1.65%

1. Makers and Takers

The cryptocurrency trading market consists of makers and takers. Makers are traders who create orders and place them in the order book, waiting for others to complete the orders. Takers are traders who accept existing orders from the order book. The main distinction between the two is that makers provide liquidity, while takers consume liquidity.

For exchanges that utilize a trade matching mechanism, makers fill a more important role, as they can enhance the depth of the order book, thereby increasing the platform's attractiveness as a trading venue.

2. Order Book Matching Mechanism

This is a matching mechanism that matches orders from both buyers and sellers. Makers create orders at different price levels, which are recorded in the order book, while takers match corresponding price level orders to complete trades.

Let's use a simple example to illustrate. If you want to buy MX tokens at a price of 3 USDT, there must be makers in the market selling MX at 3 USDT or less. Otherwise, you cannot make the purchase. Every completed trade requires both buyers and sellers. Otherwise, orders cannot be executed.

Most centralized exchanges use this order book matching mechanism. The advantages of this model include its simplicity (it's easy for users to understand), its versatility (traders can set orders like stop-loss), and its rapidity (quick trades reduce losses due to slippage).

3. Market Liquidity

When both parties in a market trade can quickly complete asset exchanges at the expected price, it indicates a healthy market liquidity. Popular tokens like BTC, ETH, and MX typically have good liquidity. However, less-traded tokens may have difficulty completing trades, indicating a lack of liquidity. This phenomenon is particularly common among NFTs.

In the example mentioned earlier, MX is a token with exceptional liquidity, resulting in a large number of trades taking place in the market. For tokens with poor liquidity, it can be challenging to sell assets at the desired price, and achieving a trade might require a significant price reduction.

This also highlights a drawback of using the order book matching mechanism. In scenarios where market liquidity is lacking, the trading experience for makers can be poor.

4. How to Know If You're a Maker or a Taker

The simplest way to know whether you are a maker or a taker is by learning their concepts and characteristics. A maker is someone who creates an order, providing liquidity and the best possible execution price to the market. On the other hand, a taker is someone who immediately completes an order, consuming existing liquidity rather than contributing to it.

If the order you placed does not appear on the order book and is immediately filled, you are undoubtedly a taker. This is why market orders are classified as taker orders, as they are designed for immediate execution.

If the order you placed is not immediately filled but appears on the order book, it increases the order quantity on the order book, thereby contributing liquidity to the market. Hence, your trade is considered a maker order.

5. How to View Order Roles on MEXC

When it comes to your order history, MEXC offers comprehensive data, showing the role you played in each trade. You can access this information through both the website and app.

5.1 Website

Log in to the MEXC official website. Click on [Orders] in the upper right corner and select [Spot Orders]. On the Spot Orders page, click the [Trade History] tab, and you can check your past spot orders to see if you were the taker or maker in each trade.

Similarly, on the MEXC official website, click [Orders] in the upper right corner, and select [Futures Order]. On the Orders page, click the [Order History] tab, and select [Filled History] for the order type. You can check your past futures orders to see if you were the taker or maker in each trade.

5.2 App

Log in to the MEXC App. On the homepage, tap on the user icon in the upper left corner. Then, tap on [Transactions], select [Spot Orders], and tap the [Trade History] tab to check your past spot orders to see if you were taker or maker in each trade.

Log in to the MEXC App. On the homepage, tap on the user icon in the upper left corner. Then, tap on [Transactions], select [Futures Orders], and tap the [Order History] tab. Under the filtering options below, select [Filled History], and you can check your past orders to see if you were the taker or maker in each trade.

Disclaimer: The information entailed does not offer guidance on investment, taxation, legal matters, finance, accounting, consulting, or any related services. It does not suggest buying, selling, or holding any assets. The MEXC Learn serves purely as an informational resource and should not be considered investment advice. Make sure to fully comprehend the associated risks and proceed with caution in your investment endeavors. All user investment activities are independent of this platform.

Market Opportunity

Orderly Network Price(ORDER)

$0.0306

$0.0306$0.0306

+1.66%

USD

Orderly Network (ORDER) Live Price Chart

Anthropic Founders' Net Worth at $70–$78 a Share: What Dario Amodei and the Co-Founders Hold

As of November 12, 2026, at the $70–$78 IPO range, Anthropic's shares outstanding after the offering are worth $916.1 billion to about $1.02 trillion. Each of the seven co-founders beneficially owns

Author: MEXC Research Team

2026-11-12

When Can I Buy Anthropic Stock? What Time ANT Starts Trading Around the World

As of November 12, 2026, you cannot buy Anthropic stock on the open market yet. ANT becomes available when Nasdaq completes its first trade on the first trading day, and Anthropic has not announced

Author: MEXC Editorial Team

2026-11-12

Who Owns Anthropic? Major Shareholders, Founder Control and the $26 Billion Private Placement

No single company owns Anthropic. As of November 12, 2026, Anthropic is a public benefit corporation controlled by its seven co-founders: the one Class F share held by their Founder LLC carries 50.1%

Author: MEXC Learn Team

2026-11-12

Anthropic's Seven Co-Founders: Who They Are and What They Do Now

Anthropic was founded in 2021 by seven people who had all worked at OpenAI: Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish and Christopher Olah. As of November 12,

Author: MEXC Learn Team

2026-11-12

Hot Crypto Updates

How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

Overview The fastest and most cost-effective way to buy Monero (XMR) is to complete Primary or Advanced KYC verification on MEXC, fund your account with USDT or USDC via the 0%-fee P2P escrow

Author: MEXC Editorial Team

2026-11-05

Best Exchanges for Stock Perpetual Liquidity: Five Platforms Compared with MEXC Leading 0.01% Depth at $0.52M

Overview Across the five major centralized exchanges offering stock perpetual futures, MEXC ranks first in 0.01% (1 basis point) near-touch cumulative median order book depth at $0.52 million

Author: MEXC Editorial Team

2026-11-04

Why Is MEXC the Best Exchange for Trading Silver Futures? 0.002% Slippage, $2.39M Near-Touch Depth, and 24/7 Zero-Fee Execution

Overview MEXC ranks as the best exchange globally for trading silver (XAG) perpetual futures because it achieved the lowest large-order slippage and deepest silver-specific near-touch order book

Author: MEXC Editorial Team

2026-11-04

MEXC vs Hyperliquid Liquidity: $21.03M Near-Touch Depth, 10x Tighter Spreads, and Bitcoin and Ethereum Futures Compared

Overview In Bitcoin (BTC) and Ethereum (ETH) perpetual futures execution, MEXC ranks first among nine major exchanges in 0.03% near-touch order book depth at $21.03 million, holding 36.20% ($5.59

Author: MEXC Editorial Team

2026-11-04

Join the MEXC Community

Get the latest listings, events, and updates in real time, straight from our official Telegram channel.

25k+ members

What Are Makers and Takers?

1. Makers and Takers

2. Order Book Matching Mechanism

3. Market Liquidity

4. How to Know If You're a Maker or a Taker

5. How to View Order Roles on MEXC

5.1 Website

5.2 App

Related Articles

Anthropic Founders' Net Worth at $70–$78 a Share: What Dario Amodei and the Co-Founders Hold

When Can I Buy Anthropic Stock? What Time ANT Starts Trading Around the World

Who Owns Anthropic? Major Shareholders, Founder Control and the $26 Billion Private Placement

Anthropic's Seven Co-Founders: Who They Are and What They Do Now

Popular Articles

Can You Trade Stock Futures on Weekends? What Happens to Liquidity When Wall Street Is Closed

Top 1 for Whom? How to Judge Crypto Exchange Liquidity, With MEXC's Depth and Slippage Data

Is Volume the Same as Liquidity? Order Book Depth Explained, From 0.01% to 0.10% Bands

Why Does a $100K Order Fill Worse Than $10K? Slippage in Futures Trading Explained

Hot Crypto Updates

How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

Best Exchanges for Stock Perpetual Liquidity: Five Platforms Compared with MEXC Leading 0.01% Depth at $0.52M

Why Is MEXC the Best Exchange for Trading Silver Futures? 0.002% Slippage, $2.39M Near-Touch Depth, and 24/7 Zero-Fee Execution

MEXC vs Hyperliquid Liquidity: $21.03M Near-Touch Depth, 10x Tighter Spreads, and Bitcoin and Ethereum Futures Compared

Trending News

Hyperliquid HIP-3: Can Payward Bring Perps to the US?

Does the Binance Security Incident Put Your Ethereum Wallet at Risk? EIP-7702 and Wallet Delegation Explained

What Role Did EIP-7702 Authorizations Play in the Binance Hack?

Major Crypto Exchange Hack: How $3 Billion Was Frozen After a $6.3 Billion Security Incident

Join the MEXC Community