WEEX launches BBO Order(Best Bid Offer)

By: WEEX|2025/10/02 12:03:16
0
Share
copy

What is BBO?

BBO, also known as best bid offer, is a type of limit order. BBO allows traders to quickly set limit order prices that align with the current Queue 1, Queue 5, Counterparty 1, or Counterparty 5 prices, potentially facilitating faster order execution and better price matching. When a BBO order is placed, it is automatically adjusted to the best available price at the time of order placement.

How does BBO orders work?

When you place a BBO order, the price is determined by the BBO option you select:

Counterparty 1: For a buy order, this would be the lowest current ask price. For a sell order, it would be the highest bid price.

Queue 1: For a buy order, this would be the highest current bid price. For a sell order, it would be the lowest ask price.

Counterparty 5: For a buy order, this would be the 5th lowest current ask price. For a sell order, it would be the 5th highest bid price.

Queue 5: For a buy order, this would be the 5th highest current bid price. For a sell order, it would be the 5th highest ask price.

How is BBO different from other order types?

BBO orders automatically adjust to the best available price at the time of order placement, rather than at a specific price point that you input.

BBO orders:

Dynamic pricing: BBO orders dynamically adjust to the best-available bid or ask price at the time of order placement, such as Queue 1, Queue 5, Counterparty 1 or Counterparty 5.

Partial fulfillment and remaining quantity: If a BBO order is partially filled due to limited availability at the best price, the unfilled portion remains open in the order book at the matched price. This differentiates BBO orders from market orders, as they do not move to the next available price but stay at the initially matched price.

Non-BBO limit orders:

No automatic adjustment at order placement: Unlike BBO limit orders, these orders do not adjust to best bids or asks in the order book automatically when placing orders.

Market orders:

Instant execution at current price: Market orders execute immediately at the current market price, offering no control over the execution price.

Potential for slippage: They can experience slippage, filling at progressively worse prices until the entire order is completed.

-- Price

--

How to use BBO?

How to place BBO orders:

WEEX launches BBO Order(Best Bid Offer)

Switch to Limit order In the limit order menu (between Limit and BBO), select BBO. Select your preferred option, such as Counterparty 1, Counterparty 5, Queue 1, or Queue 5 Click the Buy or Sell button and the system will place the order accordingly.

Note: BBO is not available if you set TP/SL or when placing any of the following order type:

  • Post only
  • IOC
  • FOK

You may also like

Deposit Smarter & Faster: Discover WEEX’s Powerful Upgrade for Crypto and Fiat Deposit

Tired of slow, complicated crypto deposits? WEEX has completely upgraded the process.

WEEX New Navigation: Trade Faster, Find Trends, Copy Top Traders Instantly

TL;DRYou can now discover trending trading pairs faster with dedicated Spot and Futures themes.The platform automatically resumes your last viewed trading pair so you never lose your place.Simply hover over Copy Trade to see top-performing traders from the past three weeks.This upgrade is rolling out now to all WEEX users. Trading Slows You Down? Here’s How We Fix ItEvery tap, scroll, and menu click steals seconds from your trading. Missed trends. Lost progress. Hidden copy traders. Scattered asset views. That’s why WEEX rebuilt the top navigation — to remove every speed bump. Now you can catch trending pairs before they run, pick up exactly where you left off, find top-performing copy traders in one hover, and check your wallet without digging through menus. Less friction, faster decisions. 5 Navigation Boosts That Make You Trade SmarterHere’s what changed and why it matters for your daily trading:Trending Spot & Futures themes: Switch market themes and spot high-momentum pairs instantly. No more hunting.Auto-resume last pair: WEEX remembers your last viewed pair. Come back anytime, keep trading.One-hover copy trader discovery: Hover over Copy Trade to see top 3-week traders. Click into their pages instantly.Wallet shortcut in main navigation: One click to check balances, deposits, and withdrawals.Combined language & currency selector: View and switch both settings together. Personalize in seconds. Who Gets the Biggest Speed Gains?Everyone wins, but high-frequency and copy traders see the biggest efficiency jump.New traders learn faster — clean layout and visible copy trading lowers the barrier.Active spot & futures traders save minutes per session with auto-resume and trending filters.Copy trading followers find top performers in one hover instead of multiple clicks.Frequent asset movers love the Wallet shortcut for quick deposits and balance checks.Find New Navigation Features in Two ClicksHere's how you can find the new navigation features on WEEX homepage within a few clicks:Log in and look at the top bar (Spot, Futures, Copy Trade, Wallet, globe icon).Hover Copy Trade → see top 3-week traders.Click Spot or Futures → your last viewed pair loads automatically.Click the globe → switch language and currency side by side.Click Wallet → view all assets instantly. Start Trading Smarter — It’s Live NowThese upgrades are available now. No settings to enable. No extra cost.👉 Try the new WEEX navigation nowTrade faster. Miss less. WEEX. Thank you for trading with WEEX About WEEXFounded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era delivering real time AI news, empowering users with AI trading tools, and exploring innovative trade to earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.Follow WEEX on social mediaX: @WEEX_OfficialInstagram: @WEEX ExchangeTiktok: @weex_globalYoutube: @WEEX_OfficialDiscord: WEEX CommunityTelegram: WeexGlobal Group

WEEX P2P now supports KES—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Kenyan Shilling (KES) is now available on WEEX P2P!

WEEX P2P now supports COP—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Colombian Peso (COP) is now available on WEEX P2P!

Track Markets At a Glance: New WEEX Price Widgets for iOS & Android

To streamline your market data access, WEEX has officially launched "Market Watchlist" desktop widgets

WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance

WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com