ChainCatcher message, Kaiko posted on platform X that since the beginning of 2024, the Bitcoin market depth has increased by 19%.

ChainCatcher message, Kaiko data shows that cryptocurrency exchanges available in the United States may play an important role in the spot ETF space, as these exchanges currently account for about 45% of the global BTC market depth. Throughout 2023, Kraken had the deepest average BTC order book, with a total buy and sell amount of $32.9 million. Coinbase ranked second, with an average depth of $24.3 million.

According to ChainCatcher news, The Block reported that after being sued by the U.S. Securities and Exchange Commission (SEC), the market depth of the top 25 crypto assets on Binance.US plummeted by 78%. Crypto market data provider Kaiko stated that the reason for the depth decline may be the exit of market makers. (Source link)