TokenInsight Liquidity Report: Bitget Leads the BTC/ETH Contract Market
According to the "Cryptocurrency Exchange Liquidity Report" released by TokenInsight, in the BTC and ETH spot markets, Binance maintains a leading order book depth, significantly ahead of other platforms in the 0.03% to 0.05% range, followed closely by Bitget and OKX. In terms of slippage for large sell orders in the spot market, Binance maintains the lowest slippage for both BTC and ETH, while Bitget ranks second overall, demonstrating strong order book absorption capability. In the dimension of BTC bid-ask spreads, Binance and Bitget are in the optimal range.The futures market shows a differentiated pattern. Bitget performs outstandingly in the depth of BTC and ETH futures order books, maintaining a lead in the 0.05% to 0.1% range. In terms of large sell order slippage, BTC futures liquidity is relatively balanced among the leading platforms, while ETH futures show more pronounced platform differentiation, with Bitget and OKX having the lowest slippage in the $5 million sell order scenario. The bid-ask spreads for BTC and ETH futures remain low across mainstream exchanges, reflecting an increasingly mature structure in the derivatives market.In the precious metals futures segment, gold (XAU) and silver (XAG) exhibit different liquidity characteristics. Overall, Binance still dominates in the depth of XAU and XAG futures, while Bitget maintains a strong liquidity performance. In comparison, the XAU market has better overall depth, with slippage and spreads on leading platforms being relatively controllable; whereas XAG shows higher slippage and wider spreads.