According to the latest research from CoinGecko, exchanges preferred by large investors for Bitcoin and altcoin transactions have been analyzed. As a result, Bitget emerged as a leader in altcoin liquidity.
Bitget vs. Binance and Coinbase
Bitget, one of the leading cryptocurrency exchanges, has taken the top spot in the altcoin category, leaving Binance and Coinbase behind. CoinGecko's research revealed that Bitget leads in altcoin liquidity while Binance remains the best platform for Bitcoin liquidity.
Liquidity of Various Cryptocurrencies
In analyzing the liquidity of the largest cryptocurrencies, CoinGecko determined that Bitget dominates for Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and XRP. For instance, in XRP, Bitget holds a leading position with a depth range of 0.3%, while Binance and Coinbase lag with a liquidity level of 1%.
Comments from Bitget CEO Gracy Chen
Gracy Chen, CEO of Bitget, commented on the CoinGecko research results, noting that Bitget’s success is linked to its infrastructure. "Altcoin liquidity is a measure of market depth, and this ranking shows how far Bitget has come. Today, institutions drive 80% of our spot volume, and futures activity by professional firms has doubled."
Thus, according to CoinGecko's research, Bitget has become a significant player in the altcoin market while Binance maintains its leading position for Bitcoin trading. These results highlight the importance of liquidity in the cryptocurrency space.
