KalpitNov 26, 2021 · 3 years ago2 answers How does the depth of the level 2 orderbook affect the liquidity and price stability of a cryptocurrency?
In the context of cryptocurrency trading, how does the depth of the level 2 orderbook impact the overall liquidity and price stability of a specific cryptocurrency? Specifically, how does the number and volume of buy and sell orders at different price levels affect the ease of buying and selling the cryptocurrency, as well as the potential for price fluctuations?