1. What is a BBO Order? BBO (Best Bid Offer) refers to the best bid price available, aiming to ensure that traders can execute their trades at the most optimal price. BBO is used to quickly set a1. What is a BBO Order? BBO (Best Bid Offer) refers to the best bid price available, aiming to ensure that traders can execute their trades at the most optimal price. BBO is used to quickly set a

Learn/Trading Guide/Futures/How to Use BBO Orders on MEXC

How to Use BBO Orders on MEXC

Author: MEXC Editorial Team

Nov 8, 2026MEXC Editorial Team

4 min

#Intermediate

BID$0.004349-3.67%

ORDER$0.03-0.99%

1. What is a BBO Order?

BBO (Best Bid Offer) refers to the best bid price available, aiming to ensure that traders can execute their trades at the most optimal price. BBO is used to quickly set a limit order price that matches the BBO option. When placing an order using the BBO option, the system automatically selects the matching market quote to execute the order.

On the MEXC platform, the BBO option includes four choices: Counterparty 1, Counterparty 5, Queue 1, and Queue 5.

Counterparty 1: Sets your order price to the best reverse market price. For buy orders, this is the current lowest selling price; for sell orders, it is the highest buying price. If you use Counterparty 1 in a BBO order, you will execute the order as a taker and pay the corresponding fee.

Counterparty 5: Sets your order price to the fifth-best reverse market price. For buy orders, this is the fifth-lowest selling price; for sell orders, it is the fifth-highest buying price. If you use Counterparty 5 in a BBO order, you will execute the order as a taker and pay the corresponding fee.

Queue 1: Sets your order price to the best price in the same direction as your order. For buy orders, this is the current highest buying price; for sell orders, it is the lowest selling price. If you use Queue 1 in a BBO order, the system will automatically charge the corresponding fee based on whether you are a maker or a taker.

Queue 5: Sets your order price to the fifth-best price in the same direction as your order. For buy orders, this is the fifth-highest buying price; for sell orders, it is the fifth-lowest selling price. If you use Queue 5 in a BBO order, the system will automatically charge the corresponding fee based on whether you are a maker or a taker.

Each option represents the position of the price in the corresponding order book at which the order will be executed. For example, if a user selects Counterparty 1 in a BBO order, fills in the quantity, and opens a long position (active buying direction), the order will be executed at the first-tier price on the reverse selling side. If the user opens a short position (active selling direction), the order will be executed at the first-tier price on the reverse buying side.

2. Advantages of BBO Orders

Best Execution Price: BBO orders aim to execute trades at the best available bid and ask prices in the current market, ensuring the most favorable trading price and reducing trading costs for traders.

Faster Execution for Increased Efficiency: BBO orders enable traders to quickly enter the market, helping them capture instantaneous opportunities and reducing execution deviations caused by market fluctuations.

Auto Price Adjustment: The price of a BBO order typically adjusts automatically according to the best bid and ask prices in the market, ensuring that the order is always executed at the best price.

3. How to Use BBO Orders on MEXC

Currently, MEXC has introduced the BBO order option for limit orders in futures trading.

Web

Open the MEXC futures trading page, and click the [BBO] button in the limit order section to start placing a BBO order.

Using the example mentioned earlier, we will use Counterparty 1 to open a long position in BTC futures.

Select [Counterparty 1], enter or adjust the slider to set the quantity, and click [Open Long] to open the BTC futures position.

App

1) Open the MEXC App and tap the [Futures] button at the bottom.

2) On the futures trading page, select [BBO] under the [Limit] order option.

3) Taking the previously mentioned example, choose [Counterparty 1] to open a long position in BTC futures.

4) Enter or slide the button below to set the amount.

5) Click [Open Long] to open the BTC futures position.

4. Differences Between BBO Orders and Limit Orders

Using the example of opening a long position, we will explain the differences between BBO orders and limit orders.

Suppose the current market best selling price for BTC futures is 62,900 USDT. With a limit order, you can set your long entry price at 62,500 USDT and wait for the price to reach this level to successfully open a long position.

If you use a BBO order with Counterparty 1 to go long, the BBO order will select the current best selling price and execute immediately at 62,900 USDT, thereby increasing your trading efficiency.

Disclaimer: This information does not provide advice on investment, taxation, legal, financial, accounting, consultation, or any other related services, nor does it constitute advice to purchase, sell, or hold any assets. MEXC Learn provides information for reference purposes only and does not constitute investment advice. Please ensure you fully understand the risks involved and exercise caution when investing. The platform is not responsible for users' investment decisions.

Market Opportunity

CreatorBid Price(BID)

$0.004351

$0.004351$0.004351

-2.40%

USD

CreatorBid (BID) Live Price Chart

MEXC On-Chain Daily Report: NYSE Chooses Avalanche for Tokenized Securities Clearing — Will Wall Street Move On-Chain Faster?

Updated: November 10, 2026, 09:30 (UTC+8) | Author: MEXC Headlines River Markets affiliate completes CFTC futures commission merchant registration Qivalis receives electronic money institution

Author: MEXC Research Team

2026-11-10

MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

Updated: November 9, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Square Bitcoin payments to reach more than 4 million merchants b14g has recovered about 70.2% of the stolen CORE Russia to implement

Author: MEXC Learn Team

2026-11-09

Will Anthropic Join the Nasdaq-100 or the S&P 500? How Index Inclusion Works for ANT

Every large IPO brings the same follow-up question: will index funds have to buy it? For Anthropic, the answer depends on two very different rulebooks, the Nasdaq-100's and the S&P 500's. This guide

Author: MEXC Editorial Team

2026-11-06

What Is Anthropic Tokenized Stock? How It Works Before and After the ANT IPO

"Anthropic tokenized stock" sounds like a share of Anthropic that lives on a blockchain. Before the ANT listing, it almost never is, and Anthropic itself has said why. This guide explains what

Author: MEXC Editorial Team

2026-11-06

Hot Crypto Updates

Which Exchange Has the Deepest Bitcoin Futures Order Book? TokenInsight's September 2026 Report Puts MEXC First Near the Mid Price

Overview TokenInsight's September 2026 Crypto Exchange Liquidity Report measured order book depth, trading slippage and bid-ask spreads across nine major exchanges. At the near-touch 0.03% band,

Author: MEXC Editorial Team

2026-10-29

Stripe and Advent Bid $53 Billion for PayPal at $60.50 a Share What It Means for Stablecoin Payments

Key Takeaways CNBC confirmed that Stripe and private equity giant Advent International jointly offered $60.50 per share in cash for PayPal, valuing the company at about $53.4 billion, with PayPal

Author: MEXC Editorial Team

2026-07-17

XAUT Liquidity and Trading Volume Analysis

Tether Gold (XAUT) provides investors with a digital avenue to hold physical gold, offering both stability and flexibility. Understanding liquidity and trading volume is essential for investors who

Author: MEXC Editorial Team

2025-11-11

How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

Overview The fastest and most cost-effective way to buy Monero (XMR) is to complete Primary or Advanced KYC verification on MEXC, fund your account with USDT or USDC via the 0%-fee P2P escrow

Author: MEXC Editorial Team

2026-11-05

Join the MEXC Community

Get the latest listings, events, and updates in real time, straight from our official Telegram channel.

25k+ members

How to Use BBO Orders on MEXC

1. What is a BBO Order?

2. Advantages of BBO Orders

3. How to Use BBO Orders on MEXC

Web

App

4. Differences Between BBO Orders and Limit Orders

Related Articles

MEXC On-Chain Daily Report: NYSE Chooses Avalanche for Tokenized Securities Clearing — Will Wall Street Move On-Chain Faster?

MEXC On-Chain Daily Report: Square Bitcoin Payments to Reach Over 4 Million Merchants — Will Bitcoin Payments Enter Mainstream Commerce Faster?

Will Anthropic Join the Nasdaq-100 or the S&P 500? How Index Inclusion Works for ANT

What Is Anthropic Tokenized Stock? How It Works Before and After the ANT IPO

Popular Articles

Liquidity and Bid-Ask Spread Risk in Stock Trading Products

Why Stock-Linked Products May Trade Differently When US Markets Are Closed

24-Hour and Extended-Hours Stock Exposure: Liquidity, Spreads, and Risk

PYPLon Surges as PayPal Takeover Bid Sparks a Fintech Repricing

Hot Crypto Updates

Which Exchange Has the Deepest Bitcoin Futures Order Book? TokenInsight's September 2026 Report Puts MEXC First Near the Mid Price

Stripe and Advent Bid $53 Billion for PayPal at $60.50 a Share What It Means for Stablecoin Payments

XAUT Liquidity and Trading Volume Analysis

How to Buy Monero (XMR)? Step-by-Step Guide with MEXC 0% Spot Fees and 4 Payment Methods Compared

Trending News

Why Is Eli Lilly Stock Surging? The Numbers Behind LLY’s Record High

Does the Binance Security Incident Put Your Ethereum Wallet at Risk? EIP-7702 and Wallet Delegation Explained

What Role Did EIP-7702 Authorizations Play in the Binance Hack?

Major Crypto Exchange Hack: How $3 Billion Was Frozen After a $6.3 Billion Security Incident

Join the MEXC Community