ZUG TRADING
The Vanderbilt Terminal for Digital Asset Trading Intelligence
INDEPENDENT INTELLIGENCE FOR SWITZERLAND'S DIGITAL ASSET TRADING ECOSYSTEM
BTC Price $95,200| ETH Price $3,420| 24h BTC Volume $42B| Bitcoin Suisse AUM CHF 10B+| SDX Settled CHF 500M+| FINMA Licensed 2,800+| BTC Price $95,200| ETH Price $3,420| 24h BTC Volume $42B| Bitcoin Suisse AUM CHF 10B+| SDX Settled CHF 500M+| FINMA Licensed 2,800+|

Market Microstructure

Order Book: Definition, Structure, and Reading Guide for Crypto Traders

Definition

An order book is an electronic ledger that records all outstanding buy and sell orders for a financial instrument on an exchange, organised by price …

28 Feb 2026

Crypto Market Microstructure: How Digital Asset Markets Work for Institutional Traders

Market microstructure is the field of financial economics that examines how markets function at the transaction level — how prices are discovered, how orders …

24 Feb 2026