Taker
A taker is a person or an entity that executes a trade by accepting a previously submitted order. By executing the buy or sell order created on an orderbook, takers remove liquidity from the market
Who is a Taker?
A taker is a market participant that executes and completes a trade that was placed on an orderbook. By executing the buy or sell order created on the orderbook, takers remove liquidity from the market.
Market takers are charged a taker fee since they get the freedom to enter and exit a position instantly.
Takers are understood better by comparing their roles with their counterparts known as Makers. Market makers are traders who add liquidity to the market when they initiate a trade. They are motivated by the fees earned from the taker, and the potential benefit from the spread difference between the buy and sell orders during market volatility.
Takers are attracted to exchanges with deep liquidity and favorable placed orders. This increases trading volume and attracts more takers (and makers).
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