The term “Maker” in the cryptocurrency trade may refer to two highly-distinct things:
- 1. A Participant
A crypto trader may become a “maker” when he or she places an order and does not automatically trade. As this is the case, the order simply stays in the order book until someone else matches or fills it up later.
- 2. A Crypto Token
The Maker coin (MKR) is a crypto token considered to be one of the most valuable altcoins in the industry. It is also one of the early coins released through the Ethereum blockchain. Maker falls under the ERC20 coin category.
The coin “waits in the wings” so as provide value to a project that can create DAI, a coin that stays at $1.00 in value. It is considered highly-competitive in that it had already been audited a couple of times.