How does the order book work in cryptocurrency trading?

The order book is one of the most important tools in cryptocurrency trading, allowing traders to track current buy and sell orders. It shows the real supply and demand for cryptocurrency, helping to predict potential price fluctuations. The order book displays not only prices but also the volumes of orders placed on the exchange. This provides insight into market liquidity and strength, as well as helps to choose the optimal price for trades. Proper reading of the order book helps make more informed decisions and minimize risks.