One term, clearly explained

Market order

An order requesting execution at the available market price, without setting a price limit as a limit order does.

Updated: Sep 28, 2026 · Verified: Sep 28, 2026

Definition

An order requesting execution at the available market price, without setting a price limit as a limit order does.

What you need to know

The last displayed price is not necessarily the execution price. For US stock orders and in the Coinbase Advanced example, price movements or limited liquidity may affect execution. Do not present a market order as a way to guarantee an exact price.

This information is for learning and comparison, not investment advice. Verify product details and eligibility conditions against the current source.

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Limit order

An order to buy at a maximum price or sell at a minimum price, with the possibility of execution at a better price.

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Adding and taking liquidity

The distinction between an order that waits in the order book and an order that executes against liquidity already available in it.

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