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Same Coin, Two Order Books: What the Binance vs MEXC Spread and Depth Gap Really Costs You
Every trade you make on a crypto exchange runs through one machine: the order book — the exchange's live ledger of every buy order and every sell order waiting to be filled. But here is the part beginners miss: every exchange runs its own order book, and the same coin can look like a completely different market on two exchanges at the same moment. On one captured ZIL/USDT book, Binance...
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