Market depth reflects the number of all pending buy and sell orders for a particular currency pair.
When you check the market price on the Trade page of the CEX.IO website, you can find Market depth under the main chart. In fact, it contains limit orders that are pending. You can see how many traders would like to buy the selected crypto at a higher or lower price than the current
Why is market depth an important indicator? Because sufficient market depth and an order book full of records make it difficult to manipulate the price. That means you can be sure you’re trading in a fair and secure environment.