Does Margin Trading Affect the Crypto Order Book?
I’m trying to understand how margin trading affects the crypto market.
If a trader uses margin to open a large long or short position, does the executed trade directly affect the underlying crypto order book, similar to a regular spot trade?
Or does margin trading operate through a separate order book, depending on the trading product?
For example, how would this work on an exchange such as Nezobank? Does the impact on the order book depend on whether the position is spot margin or a derivative?
I’d appreciate a simple explanation with an example if possible.
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