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XLM $0.1949 +1.85%
ZEC $364.91 +8.47%
BTC $60,347.65 -3.52%
ETH $1,546.29 -7.91%
BNB $573.39 -3.21%
XRP $1.07 -5.19%
SOL $61.52 -7.28%
TRX $0.3187 -2.11%
DOGE $0.0801 -5.53%
ADA $0.1547 -5.84%
BCH $219.34 -5.45%
LINK $7.24 -4.85%
HYPE $58.58 -4.51%
AAVE $60.27 -10.82%
SUI $0.6919 -3.55%
XLM $0.1949 +1.85%
ZEC $364.91 +8.47%

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

2023-05-10 22:05:49
Collection

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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