Taker

Taker: A taker is a participant in a crypto/fiat exchange who executes trades by accepting existing offers from the order book. Unlike a maker, who provides liquidity by placing new orders, a taker removes liquidity by completing transactions at the current market price. This role is crucial for maintaining market activity and price discovery. Takers generally pay a fee for their trades, which can vary depending on the exchange's fee structure. Understanding the distinction between takers and makers helps users navigate trading platforms more effectively, optimizing their trading strategies and costs.