Common use of Order Book Clause in Contracts

Order Book. Backpack Exchange operates various central limit order books (“Order Books”) on which you may place instructions to buy or sell a specified quantity of a Supported Virtual Asset (“Orders”), which will then be matched with the Orders of other customers. The Order types that Backpack Exchange may offer from time to time in its sole discretion include but are not limited to “market”, “limit”, “stop-loss limit”, “stop-loss market”, and “take profit limit” orders. Orders placed on the Order Book may be partially filled or may be filled by one or more Orders placed on the Order Book by other customers, depending on the trading activity on the Order Book at the time an Order is placed.

Order Book. Backpack Exchange operates various central limit order books (“Order Books”) on which you may place instructions to buy or sell a specified quantity of of, or otherwise transaction in, a Supported Virtual Asset as permitted by the Services (“Orders”), which will then be matched with the Orders of other customers. The Order types that Backpack Exchange may offer from time to time in its sole discretion include but are not limited to “market”, “limit”, “stop-loss limit”, “stop-loss market”, and “take profit limit” orders. Orders placed on the Order Book may be partially filled or may be filled by one or more Orders placed on the Order Book by other customers, depending on the trading activity on the Order Book at the time an Order is placed.