Market cap
The current price of an asset multiplied by its circulating supply.
Glossary
Crypto glossary
Concise definitions for market, trading, security, and automation terms.
Circulating supply
The amount of an asset estimated to be available and circulating in the market.
FDV
Fully diluted valuation estimates market value if the maximum or total supply were valued at the current price.
Volume
The amount of trading activity recorded over a period, commonly 24 hours.
Liquidity
How easily an asset can be bought or sold without meaningfully moving the price.
Spread
The difference between the best available buy price and sell price.
Maker fee
A fee charged when an order adds liquidity to the order book.
Taker fee
A fee charged when an order immediately matches existing liquidity.
Spot
Buying or selling the asset itself rather than a leveraged contract.
Futures
Contracts that track future or perpetual exposure to an asset and may involve leverage.
Leverage
Borrowed or contract-based exposure that amplifies gains and losses.
Liquidation
Forced closure of a leveraged position when margin requirements are not met.
DCA
Dollar-cost averaging, a schedule-based approach to entering positions over time.
Grid bot
Automation that places orders across a defined price range.
API key
A credential that lets an app connect to an exchange with specific permissions.
Two-factor authentication
A second login proof, usually from an authenticator app or hardware key.
Custody
Who controls access to funds or private keys.
Self-custody
Holding your own private keys instead of relying on a platform to hold assets.
Stablecoin
A crypto asset designed to track the value of another asset such as a fiat currency.
Slippage
The difference between expected execution price and actual execution price.
Order book
A live list of open buy and sell orders for a market.
Limit order
An order that sets the maximum buy price or minimum sell price.
Market order
An order that attempts immediate execution against available liquidity.