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BTC $77,138.02 +2.83%
ETH $2,417.83 +3.02%
BNB $643.01 +1.19%
XRP $1.47 +2.00%
SOL $88.79 +0.01%
TRX $0.3277 +0.20%
DOGE $0.0994 +0.85%
ADA $0.2577 -0.31%
BCH $453.22 -0.96%
LINK $9.60 +0.84%
HYPE $44.73 +1.11%
AAVE $114.51 -0.75%
SUI $0.9960 -0.41%
XLM $0.1729 +2.84%
ZEC $333.64 -2.09%

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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