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What Is the Role of a “Central Limit Order Book” (CLOB)?

Collects Buy/Sell Orders. Matches Price/Time Priority. $uparrow$ Transparency $neq$ AMM 73.
Greeks.Live18.11.25

What Is the Role of a “Central Limit Order Book” (CLOB)?

A Central Limit Order Book (CLOB) is a trading system used by traditional and centralized cryptocurrency exchanges where all buy and sell orders for a given asset are collected and matched based on price and time priority. It provides a transparent view of market depth and liquidity, contrasting with Automated Market Makers (AMMs) used by many decentralized exchanges.

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