---
description: Definitions to understand the terms around trading on CryptoBull
---

# 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.
