Binance Retains Spot Liquidity Leadership
Date: 2025-02-21 Author: Gabriel Deangelo Categories: BUSINESS
CryptoRank analysts studied the volumes of buy and sell orders for cryptocurrency pairs, as well as the ability of exchanges to process large trades without significant price changes. The study indicates that liquidity is measured within a price fluctuation of ±2% from the average market value.
An analysis of 20 trading pairs revealed that Binance offers the most liquidity for 14 of them, taking the leading position in the spot market. Bitget follows, and MEXC is in third place.
The situation is different in the futures market, where MEXC significantly outperforms its competitors, especially in the BTCUSDT, ETHUSDT, and SOLUSDT pairs. The exchange provided the highest liquidity in 17 of the 20 pairs analyzed. Bybit took the second position in this segment, despite the fact that it showed the worst result among the five largest platforms on the spot market. Binance was in third place in this rating.
Among the key factors affecting the level of liquidity, CryptoRank experts highlight the large number of active users and the participation of institutional investors. The report also notes that when analyzing liquidity, the possibility of artificially increasing trading volumes should be taken into account.
Previously, MEXC's high liquidity level was noted by analysts from TokenInsight and Simplicity Group.
