A new report by CoinGecko provides an analytical overview of liquidity among major cryptocurrency exchanges, focusing on Binance and Bitget.
Binance's Dominance in Bitcoin Liquidity
According to the CoinGecko report published on June 25, Binance continues to dominate among cryptocurrency exchanges, especially in Bitcoin trading. The exchange controls around 32% of all Bitcoin liquidity on exchanges, providing deeper liquidity across all trading depths.
Bitget's Challenge in Altcoins
Bitget has been able to pose a serious challenge to Binance in terms of altcoin liquidity. The exchange leads in the key mid-range spreads where most of the real trading occurs. Notably, on some days like April 15, Bitget outperformed Binance in terms of liquidity. However, beyond the mid-range, Bitget's liquidity noticeably declines.
Overall Liquidity State in Crypto Market
The CoinGecko report also notes that liquidity across major exchanges remains healthy, particularly in realistic trading ranges. This indicates that the cryptocurrency market continues to mature and attract more institutional players.
The analysis of liquidity shows that Binance maintains its lead in the Bitcoin segment, while Bitget demonstrates the ability to compete in the altcoin space, bringing the crypto market closer to a healthier and more mature state.
