> For the complete documentation index, see [llms.txt](https://cryptobull-exchange.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://cryptobull-exchange.gitbook.io/whitepaper/glossary.md). # Glossary #### $CBULL The native utility token of the CryptoBull exchange. Used for trading fee discounts, cashback, staking rewards, governance access, Launchpad allocations, and more.
#### 2FA (Two-Factor Authentication) An added layer of security requiring a second method of verification, such as a code from an authenticator app or SMS.
#### ACH (Automated Clearing House) A US-based fiat deposit and withdrawal system used for bank-to-bank transfers.
#### AMM (Automated Market Maker) A type of decentralized protocol that uses liquidity pools for trading — typically not part of CEXs, but worth noting in hybrid models or comparisons.
#### API (Application Programming Interface) Used by algorithmic or institutional traders to connect bots or external tools directly to a CEX for automated trading.
#### APY (Annual Percentage Yield) The annualized return earned on staking or yield-bearing assets, including compounding interest.
#### Ask Price The lowest price a seller is willing to accept for a crypto asset on the order book.
#### Base Currency / Quote Currency In a trading pair (e.g., BTC/USDT), the **base** is the first asset, and the **quote** is the asset it’s priced against.
#### Buy-Back & Burn A deflationary model where the exchange uses profits to buy back tokens (like $CBULL) and permanently remove them from circulation.
#### CBULL1000x CryptoBull’s ultra-leverage trading product, offering up to 1000x leverage with performance-based fees.
#### CEX (Centralized Exchange) A custodial crypto platform where users can trade assets, deposit fiat, and access advanced tools under a managed backend.
#### Cliff A fixed period at the start of a vesting schedule where no tokens are released. Once the cliff ends, vesting begins.
#### Cold Wallet Offline storage for crypto assets, disconnected from the internet to protect against hacks.
#### Cross-Margin A risk management model that uses your total account balance across all positions as collateral.
#### Derivatives Financial contracts whose value is derived from the performance of a crypto asset — includes futures and options.
#### Fiat Government-issued currency (e.g., USD, EUR, GBP) used to fund crypto accounts or withdraw funds.
#### Fill or Kill (FOK) An advanced order type that must be filled in full immediately or canceled.
#### Fraud Prevention Period A set holding period for withdrawals (e.g., 6 hours) to prevent unauthorized or automated fraud.
#### Futures A derivative contract where traders speculate on the future price of an asset, often with leverage.
#### Gas Fees Fees paid on blockchain transactions — relevant for crypto withdrawals from the CEX.
#### Governance Holders of a platform’s utility token may vote on protocol updates, listing decisions, or allocation of resources.
#### KYC (Know Your Customer) The user identity verification process required to comply with AML regulations.
#### Launchpad A platform product offering early access to token sales or IEOs, often gated by staking or holding the native token.
#### Leverage Borrowing capital to increase trading exposure (e.g., 10x, 100x, 1000x). Magnifies both gains and losses.
#### Limit Order An order to buy or sell an asset at a specific price or better.
#### Liquidity A measure of how easily assets can be bought or sold without affecting the market price.
#### Maker / Taker Roles in trading: * **Maker:** Adds liquidity (limit orders) * **Taker:** Consumes liquidity (market orders)
#### Market Order An order that executes immediately at the best available price.
#### Margin Trading Trading using borrowed funds, where the user provides collateral to open leveraged positions.
#### Matching Engine The backend system of a CEX that pairs buy and sell orders at lightning speed.
#### NFT (Non-Fungible Token) Unique digital assets traded on a blockchain — now supported in some CEXs like CryptoBull’s NFT Marketplace.
#### Order Book A live list of buy and sell orders showing prices and volumes, used to match trades on the exchange.
#### OTC (Over-the-Counter) Large-volume crypto trades executed off the public order book to reduce market impact.
#### PnL (Profit and Loss) A trader’s realized or unrealized financial outcome on open and closed positions.
#### Slippage The difference between the expected and actual price of a trade, often due to low liquidity or volatility.
#### Spot Trading The direct purchase or sale of cryptocurrencies with immediate settlement and ownership.
#### Stablecoin A cryptocurrency pegged to the value of a fiat currency, like USDT, USDC, or BUSD.
#### Staking Locking up tokens to earn passive income, often while securing or participating in the ecosystem.
#### Sub-Accounts Separate accounts under a main profile, used to isolate strategies, bots, or managed funds.
#### TIF (Time in Force) A setting that determines how long an order remains active — includes GTC (Good Till Cancelled), IOC (Immediate or Cancel), and FOK (Fill or Kill).
#### Tokenomics The supply, demand, allocation, and economic design of a token — including vesting, burns, rewards, and utility.
#### Trading Volume The total amount of an asset traded within a given period — often used to measure liquidity and platform activity.
#### TVL (Total Value Locked) Used more in DeFi, but relevant to hybrid exchanges. Refers to the total capital deposited into a protocol.
#### Vesting The release schedule for token allocations, usually applied to team, advisors, or investors to prevent immediate sell-offs.
#### Wallet A crypto storage address used to send, receive, and store digital assets. On CEXs, these are custodial.