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BTC $76,949.25 -1.38%
ETH $2,291.42 -2.84%
BNB $624.44 -1.57%
XRP $1.39 -2.17%
SOL $84.42 -2.34%
TRX $0.3260 +0.72%
DOGE $0.0980 -0.79%
ADA $0.2460 -2.20%
BCH $448.75 -1.06%
LINK $9.25 -2.17%
HYPE $41.45 -1.16%
AAVE $97.01 +0.63%
SUI $0.9261 -1.69%
XLM $0.1649 -3.17%
ZEC $351.95 -0.87%

Kaiko: The Bitcoin premium on Binance.US is a reflection of insufficient market liquidity

2023-05-10 22:05:49
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ChainCatcher news, Kaiko data shows that Bitcoin is trading at a 2.5% premium on Binance.US compared to other U.S. exchanges. Blockchain analytics firm Kaiko states that the premium trading of Bitcoin (BTC) on Binance.US is a sign of market illiquidity, rather than evidence of market makers exiting the platform. Speculation about market makers potentially leaving the platform is merely a rumor, as its market depth has not changed.

ChainCatcher previously reported that the trading premium for Bitcoin on the Binance.US market reached as high as $700. (source link)

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