If the order book looks like the following…
A) Ask: 2 bitcoin at $100 B) Bid: 2 bitcoin at $100
A trade will be done from A to B.
But what happens in the following situation:
C) Ask: 1 bitcoin $100 D) Bid: 2 bitcoin $100
Do bitcoin exchanges partially fill orders?
Does one of the following occur:
- Nothing the orders need to be the same quantity.
- Does the trade occur for one bitcoin.
- If the trade does occur, what happens if the bid is cancelled? Is the trade for 1 bitcoin still valid.
Also, what happens in this situation:
E) Ask:2 bitcoin $90 F) Bid: 2 bitcoin $100
Does the Bid pay $100 or $90?
Thank You for your help