Data: XRP liquidity on US exchanges is 30% higher than on offshore platforms

ChainCatcher news, according to CoinDesk, XRP's order book liquidity on U.S. exchanges is 30% higher than that on offshore platforms. It is reported that the greater the liquidity or market depth, the easier it is for investors to execute large trades at stable prices.

CCData shows that as of Thursday, the 1% market depth on U.S. exchanges, including Coinbase and Kraken, reached $1.12 million, which is 30% higher than the liquidity of offshore platforms like Binance and OKX.

Since July of last year, the 1% market depth on U.S. exchanges has grown by 53%, while offshore platforms have only grown by 43.2%.

The trading volume of XRP on U.S. exchanges has also increased, although offshore exchanges still dominate. Kaiko states that U.S. platforms currently account for 14% of global XRP trading volume, which is comparable to levels four years ago.

The relative improvement in the trading environment on U.S. exchanges may stem from reduced regulatory uncertainty. Kaiko noted in a weekly report, "Since last year's landmark court ruling granted Ripple Labs a partial victory over the SEC, demand for XRP in the U.S. market has steadily increased."