Coinbase: The exchange's Bitcoin liquidity has not been affected after the SEC filed a lawsuit against Cumberland

ChainCatcher message, according to Coindesk, a Coinbase spokesperson responded to Kaiko's recent report. The Coinbase spokesperson stated, "In October, we did not see significant changes or declines in BTC-USD depth around 2%."

Previously, Kaiko reported that after the SEC accused Cumberland of trading over $2 billion in crypto assets as an unregistered dealer, liquidity measured at 2% market depth decreased on October 10. The 2% BTC depth on Coinbase began to decline from 18:00 UTC on October 10, dropping 46% within a few hours to 267 BTC.