How Crypto Exchanges Work Behind the Scenes | Order Books, Liquidity, & Fees Explained

Ever wondered what really happens when you hit “Buy” or “Sell” on a crypto exchange? 🤔

🛠️ FEATURED PLATFORMS:
🔗 GRVT – Ultra-low latency, institutional-grade matching:
https://grvt.io/exchange/sign-up?ref=8YKP2VP
🔗 Bitunix – Built for pro traders with smart routing:
https://www.bitunix.com/register?vipCode=17hy
🔗 Blofin – Risk engine transparency for leveraged traders:
https://partner.blofin.com/d/Decentralised
🔗 Desk – Supports bot-based liquidity provision:
https://desk.exchange/0I5SVM8
🔗 MEXC: Great altcoin selection:
https://m.mexc.com/auth/signup?inviteCode=16yJL
🔗KCEX – Zero maker fees on selected pairs:
https://www.kcex.com/register?inviteCode=0MPMVM
🔗 Phemex, BingX – Market maker incentive programs:
https://phemex.com/register?referralCode=IDC6A2

From order matching engines to liquidity providers and trading fees, this video pulls back the curtain on how crypto exchanges work behind the scenes - so you can trade smarter in 2025.

Whether you’re trading BTC on Binance, ETH on Bitunix, or altcoins on XT.com, understanding the mechanics of crypto exchanges gives you a major edge.

WHAT YOU'LL LEARN:
✅ What happens when you place a trade (matching engine mechanics)
✅ How order books work and what the spread means for your trade
✅ Where liquidity really comes from
✅ The difference between maker and taker fees
✅ How exchanges handle margin, leverage, and liquidation
✅ How platforms like GRVT, Blofin, Desk.exchange, Phemex, BingX, KCEX, and MEXC innovate on backend infrastructure

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