Instant Order Execution

Definition ∞ Instant order execution describes the immediate fulfillment of a buy or sell order at the current market price on a digital asset exchange. This capability minimizes price slippage and ensures trades are completed without delay. It is a critical feature for traders seeking to capitalize on fleeting market opportunities or manage risk in volatile environments.
Context ∞ The ability to achieve instant order execution is a key performance metric for cryptocurrency exchanges, influencing user experience and trading efficiency. News often highlights improvements in exchange infrastructure aimed at reducing latency and increasing throughput. However, market conditions, network congestion, and liquidity levels can still affect the true immediacy of order fulfillment.