Level 3 Market Data
Explore how to retrieve and interpret level 3 market data from CoinAPI in this lesson. Understand the differences between level 2 and level 3 order books, learn to use the orderbooks3 endpoint, and fetch current detailed order book data for various cryptocurrency symbols to enhance your market analysis skills.
We'll cover the following...
Level 3 market data
Level 3 market data is the final level of the market data. Since level 3 market data is also an order book, it is quite similar to level 2 market data. The difference between level 2 and 3 market data is that level 3 has a much greater market depth than level 2. Level 2 market data provides, at most, ten best bid-ask offers, whereas level 3 market data can provide double that amount.
The orderbooks3 endpoint
We can fetch level 3 market data using the orderbooks3 ...