Market Maker, Market Taker

The market maker places an order for buying or selling at a quoted price and the marker taker accepts the placed order of the maker for executing the purchase or sell at the quoted price. Market makers are crucial as they offer liquidity as well as depth to the crypto markets wishing to profit from the spread difference between the bids and asks or from the predicted price entries during the market volatility. The market takers require this provided liquidity and the immediacy for entering or exiting positions.