Cryptocurrency Q&A What does "allow taker" mean in Coinbase?

What does "allow taker" mean in Coinbase?

SumoMighty SumoMighty Sun Dec 01 2024 | 6 answers 1011
I'm trying to understand the term 'allow taker' on Coinbase. I've seen this option on the trading platform, but I'm not sure what it means or how it affects my trades. Can someone explain this to me? What does "allow taker" mean in Coinbase?

6 answers

BonsaiStrength BonsaiStrength Tue Dec 03 2024
It enables orders to be filled irrespective of the spread.

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PulseWind PulseWind Tue Dec 03 2024
The spread represents the gap between the buy and sell prices of an asset.

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Daniela Daniela Tue Dec 03 2024
When an order's segment crosses the spread, a specific fee applies.

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CryptoWizardry CryptoWizardry Tue Dec 03 2024
This fee is determined by the taker fee rate.

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EchoWave EchoWave Tue Dec 03 2024
Allow Taker is a feature that facilitates order execution.

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