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BTC $84,904.10 +0.31%
ETH $2,695.59 +0.68%
BNB $786.86 +2.59%
XRP $1.49 +0.48%
SOL $120.90 +1.19%
TRX $0.3353 +0.17%
DOGE $0.0927 -0.21%
ADA $0.2444 -0.82%
BCH $318.56 +2.89%
LINK $14.05 +0.14%
HYPE $89.95 +1.66%
AAVE $181.97 +1.49%
SUI $1.18 +2.58%
XLM $0.2156 +0.22%
ZEC $1,331.51 +0.85%
AAPL $333.48 +0.05%
AMZN $252.40 +0.21%
GOOGL $343.94 +0.05%
MSFT $517.91 +0.06%
META $730.62 +0.49%
NVDA $234.64 +0.16%
TSLA $371.78 +0.26%
SNDK $1,717.77 -0.04%
INTC $117.22 -0.67%
SPCX $158.91 +0.01%
MU $1,066.77 -0.04%
AMD $633.88 +0.10%

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

2023-05-10 22:05:49

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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