A global order book aggregates liquidity from major international exchanges. This provides tight spreads and high liquidity. A local order book, on the other hand, relies only on orders from local investors. If you trade on a Norwegian exchange, it means you're only trading against other Norwegians. The result is wide spreads, low liquidity, and high transaction costs.
To illustrate: trading Bitcoin only on Norwegian exchanges is like trading Apple shares exclusively on the Oslo Stock Exchange instead of Nasdaq. The liquidity would be poor, spreads would be wide, and the market would be generally inefficient. This is precisely why Apple shares aren't listed on Oslo Stock Exchange – if you want to buy Apple, you do it through a broker connected to the international market.
The same applies when trading crypto. Bitcoin is a global digital currency and it makes little sense to trade it on a local exchange.
TÝR Markets gives you direct access to the global order book combined with local presence and security. With us, you always trade safely and securely at the right price.