Functionaries are
order takers who can be replaced by the Internet.
Not exact matches
Takers are the ones
who remove this liquidity by matching makers»
orders with their own.
Every trade occurs between two parties: the maker, whose
order exists on the
order book prior to the trade, and the
taker,
who places the
order that matches (or «takes») the maker's
order.
The
taker is the one
who places the
order that «takes» the maker's
order.
For those
who do not know, Maker is the one
who puts the sell
order while
taker is the one buy puts the buy
order.
With bitcoin, those
who buy or sell cryptocurrency from an existing
order on the book (i.e. «
takers») pay a 0.25 % fee.