#交易对 Order Type Analysis

Taker, who directly matches at the current price, consumes liquidity (eating orders), and excessive liquidity consumption can lead to increased price volatility, which may cause some people to face liquidation. Therefore, to avoid being criticized for liquidation, exchanges like Binance set higher fees for takers to suppress price volatility.

Maker sells at a price higher than the current price and buys at a lower price, thus providing liquidity. To encourage liquidity accumulation, exchanges offer makers lower fees for limit orders, represented by the recent popular USDC limit orders with no fees.