Archer Exchange Launches CLOB Public Beta

The announcement says Archer Exchange has opened a public beta for its CLOB (central limit order book), while also referencing concerns about prop AMM spoofing.

Summary

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Terms & Concepts
  • CLOB (central limit order book): A trading system that matches buy and sell orders by price and time, commonly used in traditional and crypto exchanges.
  • AMM (automated market maker): A blockchain-based trading mechanism that uses liquidity pools instead of a traditional order book to execute trades.
  • Spoofing: A market manipulation practice involving deceptive orders intended to mislead other traders about supply or demand.