325 / 500MKT

Market structure

How venues, orders, liquidity, participants and rules interact to form prices.

How venues, orders, liquidity, participants and rules interact to form prices.

How venues, orders, liquidity, participants and rules interact to form prices. This coordinate is placed in the wider system through its protocol, economic and historical relationships.

Understanding Market structure helps distinguish a verifiable Bitcoin mechanism or historical record from slogans, products and market narratives.

01

Linked to related atlas coordinates

02

Grounded in a source record

03

Explains function and trade-offs

04

Part of the open Bitcoin knowledge graph

DOC · 001Coinbase Exchange — Markets and order booksDocumentation
Reviewed 25 July 2026Source-first · No investment advice