General TradingP

Passive Order

A limit order that adds liquidity to the order book by waiting to be filled at a specified price, rather than executing immediately. Passive orders typically receive lower maker fees.

Example

“A trader places a passive buy order for Bitcoin at $59,000 when the current price is $60,000, adding liquidity to the book and paying a 0.02% maker fee instead of the 0.06% taker fee.”