Key Insights:

• According to recent research from CoinGecko, Bitget has emerged as a leading platform for altcoin liquidity, surpassing Binance in smaller market depth ranges.
• The study specifically examined liquidity for important cryptocurrencies, highlighting Bitget’s performance in ETH, DOGE, SOL, and XRP at various market depths.
• While Binance remains the top exchange for Bitcoin liquidity across all market depths, it appears that trading large orders of altcoins may be more favorable on Bitget.

“CEX [centralized exchange] liquidity for the top 5 major crypto assets is generally healthy across various market depths, with Binance offering the most liquidity for BTC, while Bitget is the most liquid platform for altcoins within the 0.3%-0.5% interval,” CoinGecko reported.

Additional Context:

Crypto traders focusing on significant orders in Solana’s SOL, Dogecoin, and XRP might find this research pertinent, as it positions Bitget ahead in the liquidity game, particularly against Binance.

Whales Whales. (makabera/Pixabay)

The analysis encompassed the global order books for the leading five cryptocurrencies from March 19 to May 18. Liquidity plays a vital role in trade execution, as it reflects the abundance and scope of buy and sell commands at varying prices.

For instance, Bitget dominated liquidity for XRP at tighter depths, whereas for Bitcoin, Binance retained its status as the most liquid exchange.

The report also revealed that institutional entities represent an increasing share of Bitget’s trading volume.

“Altcoin liquidity is a measurement for market depth, and this ranking shows how far Bitget has come. Today, institutions drive 80% of our spot volume," stated Gracy Chen, the CEO of Bitget.