Trading glossary

Mainnet Mainnet Definition: Mainnet (main network) is the live, production blockchain where real transactions occur, real assets have value, and the full consensus mechanism is operational. It is the autho... Mainnet Swap Mainnet Swap Definition: A mainnet swap is the one-time conversion of tokens that a project first issued on another blockchain, such as ERC-20 tokens on Ethereum, into native coins on the project's... Maintenance Margin Maintenance Margin Definition: Maintenance margin is the minimum amount of equity that must be maintained in a margin account to keep a leveraged position open — if the account equity falls below t... Major Currency Pairs Major Currency Pairs Definition: Major currency pairs are the seven most traded forex pairs, each combining the US dollar with one of six other leading currencies: the euro, Japanese yen, British p... Maker Maker Definition: A maker is a trader who places limit orders that rest on the order book, providing liquidity that other traders can fill — earning lower fees or rebates from the exchange in excha... Malware Malware Definition: Malware (malicious software) is any program designed to run on a device without the owner's informed consent in order to damage it, spy on it or steal from it. In crypto, malwar... Mantle (MNT) Mantle Definition: Mantle is an Ethereum Layer 2 scaling solution built on the OP Stack (Optimism's open-source framework) and developed by BitDAO, one of the largest DAOs in crypto. Mantle uses op... Margin Call Margin Call Definition: A margin call is a broker's demand for additional deposit when a trader's account equity falls below maintenance margin requirements due to unrealized losses on leveraged po... Margin Trading Margin Trading Definition: Margin trading is the practice of using borrowed funds from a broker to open trading positions larger than your account balance, with the deposited capital serving as col... Market Bubble Market Bubble Definition: A market bubble is a period in which the price of an asset rises far above the value justified by its earnings, cash flows or practical use. Buyers keep paying more becaus... Market Cap Market Cap Definition: Market cap, short for market capitalisation, is the total market value of a company's outstanding shares or a cryptocurrency's circulating coins. It is calculated by multiply... Market Capitalization Market Capitalization Definition: Market capitalization (market cap) is the total market value of all outstanding shares or tokens of an asset — calculated by multiplying the current price by the t... Market Correction Market Correction Definition: A market correction is a decline of at least 10% but less than 20% from an asset's or index's most recent peak, measured on closing prices. The label marks a reset ins... Market Cycle Market Cycle Definition: A market cycle is the recurring pattern of expansion and contraction in financial markets, typically progressing through four phases — accumulation, markup, distribution, a... Market Depth Market Depth Definition: Market depth is a real-time visual representation of pending buy and sell orders for an asset across multiple price levels, typically displayed as a depth chart showing cum... Market Forces Market Forces Definition: Market forces are the economic pressures of supply and demand that drive prices in a free market, without direct intervention from governments or central authorities. When... Market Maker Market Maker Definition: A market maker is a firm or individual that provides continuous two-sided quotes (bid and ask prices) on financial instruments, profiting from the bid-ask spread while taki... Market Order Market Order Definition: A market order is an instruction to buy or sell an asset immediately at the best available price, without specifying a price limit. Market buy orders execute at the current... Market Price Market Price Definition: Market price is the current price at which an asset can be bought or sold in the open market — the price at which the most recent transaction occurred, or equivalently, the... Market Sentiment Market Sentiment Definition: Market sentiment is the overall attitude of investors and traders toward a specific asset or financial market, ranging from extreme optimism (greed) to extreme pessimis... Market Trend Market Trend Definition: A market trend is the general direction in which an asset's price is moving over a defined period — upward (bull trend or uptrend), downward (bear trend or downtrend), or s... Marubozu Candlestick Marubozu Candlestick Definition: The Marubozu is a single-candle pattern characterized by a large body with no shadows (wicks) on either end, indicating that the asset opened at the period's extrem... Maximum Supply Maximum Supply Definition: Maximum supply is the absolute upper limit on the total number of tokens or coins that will ever exist for a given cryptocurrency — the ceiling encoded in the protocol th... Meme Coin Meme Coin Definition: A meme coin is a cryptocurrency token whose value is driven primarily by community engagement, social media virality, and cultural relevance rather than underlying technology ... Mempool Mempool Definition: The mempool (memory pool) is the holding area where valid but unconfirmed blockchain transactions wait to be included in the next block by miners or validators. When you submit ... Merged Mining Merged Mining Definition: Merged mining (also called Auxiliary Proof of Work or AuxPoW) is a technique that allows miners to simultaneously mine two or more proof-of-work blockchains that use the s... Merkle Tree Merkle Tree Definition: A Merkle Tree is a cryptographic data structure that efficiently summarizes large sets of data by recursively hashing pairs of values together, producing a single root hash ... Metaverse Metaverse Definition: The Metaverse is a concept of immersive, persistent virtual worlds where users interact through digital avatars, own digital assets (via NFTs and blockchain), and engage in so... MEV (Maximal Extractable Value) MEV Definition: Maximal Extractable Value (MEV) is the profit that block producers and specialised traders can capture by reordering, inserting, or censoring transactions within a block before it i... MiCA MiCA Definition: MiCA, the Markets in Crypto-Assets Regulation, is the European Union law that sets one set of rules for issuing crypto-assets and providing crypto services across every EU member s... MiCA Regulation MiCA Regulation Definition: The MiCA Regulation, formally Regulation (EU) 2023/1114 on Markets in Crypto-Assets, is the European Union law that sets licensing, disclosure and conduct rules for cryp... Mining Pool Mining Pool Definition: A Mining Pool is a coordinated group of cryptocurrency miners who combine their computational resources to increase the probability of successfully mining blocks, then share... Minor Currency Pairs Minor Currency Pairs Definition: Minor currency pairs, also called crosses, are forex pairs that combine two major currencies without the US dollar, such as EUR/GBP, EUR/JPY or GBP/JPY. Their price... Minsky Moment Minsky Moment Definition: A Minsky Moment is the sudden collapse of asset prices and credit markets following a prolonged period of speculative excess and rising debt levels — the point at which th... Momentum Trading Momentum Trading Definition: Momentum trading is a strategy of buying assets whose prices are rising and selling or shorting those whose prices are falling, on the premise that strong moves tend to... Monero (XMR) Monero Definition: Monero is a privacy-focused cryptocurrency that obscures transaction details — sender, receiver, and amount — using cryptographic techniques like ring signatures, stealth address... Monetary Policy Monetary Policy Definition: Monetary policy is the set of actions a central bank uses to control the cost and availability of money in an economy, mainly by setting a short-term interest rate. Rais... Monetary Value Monetary Value Definition: Monetary value is the worth of an asset, good, or service expressed in units of money — the price at which it can be exchanged in the market. It translates subjective uti... Money Flow Index (MFI) Money Flow Index (MFI) Definition: The Money Flow Index is a volume-weighted momentum oscillator developed by Gene Quong and Avrum Soudack in 1989 that measures buying and selling pressure by incor... Money Supply (M1, M2) Money Supply (M1, M2) Definition: Money supply is the total amount of money available in an economy at a given moment, measured by central banks in layers called monetary aggregates. M1 is the narr... Morning Star Pattern Morning Star Pattern Definition: The Morning Star is a three-candle bullish reversal formation appearing at the bottom of downtrends, consisting of a large bearish candle (continuation of downtrend... Moving Average Moving Average Definition: A moving average is a technical indicator that smooths price data over a specified period by calculating the average closing price across that window and plotting it as a... Moving Average Convergence Divergence (MACD) MACD Definition: MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator developed by Gerald Appel in the late 1970s that displays the relationship between two exponent... MTF (Multilateral Trading Facility) MTF (Multilateral Trading Facility) Definition: A Multilateral Trading Facility is a European Union-regulated trading venue that brings together multiple buyers and sellers of financial instruments... Multisig (Multisignature) Multisig (Multisignature) Definition: Multisig is a wallet arrangement that requires signatures from a set number of private keys, out of a larger group, before it can move funds. A 2-of-3 multisig... MultiversX (EGLD) MultiversX Definition: MultiversX (formerly Elrond) is a blockchain emphasizing speed and low cost through sharding architecture, achieving 15,000+ TPS with 6-second finality and fees under $0.01. ... Mutual Fund Mutual Fund Definition: A mutual fund is a pooled investment vehicle that collects money from many investors and uses it to buy a single portfolio of stocks, bonds or other securities run by a prof...