CoinSmart strives to provide an exchange where customers can instantly buy or sell small or large amounts of digital assets.
In order to execute your order immediately, your order pulls from the available liquidity in the order book at the time of the trade.
If there isn't sufficient liquidity to complete a Peer-to-Peer trade, in order to provide sufficient liquidity on demand, CoinSmart conducts its own market-making by placing Bids and Asks in the order book.
As a continuous auction, no preference is given to our orders over customer orders, the orders are matched according to their time entered (first in, first out) and price. CoinSmart’s Bid and Ask orders are meant to supplement liquidity created by our customers and ensure that there is always sufficient liquidity to execute large trades.