Ethereum

Data gathered by blockchain analytics firm Kaiko Research revealed that nearly three-quarters of Ether liquidity is concentrated on five mainstream crypto exchanges namely Coinbase, Binance, Kraken, OKX, and Bitfinex. The concentration increased drastically after the collapse of  the once-prominent crypto exchange FTX, which accounted for nearly 40% of ETH market depth before its downfall in November last year.The Kaiko Research Team recently published a <a href="https://research.kaiko.com/insights/72-of-eth-liquidity-is-concentrated-on-5-exchanges" rel="noopener noreferrer nofollow">report</a> that took a closer look at Ether’s liquidity and market depth in the aftermath of FTX’s collapse. According to the Research Team, there had been little good news on the liquidity front for most crypto assets since Sam Bankman-Fried’s crypto exchange went down.The 2% market depth for ETH revealed that liquidity had failed to revolver to pre-FTX levels ever since it dipped below the $100 million mark in March this year. However, 0.1% depth, which measured the liquidity in proximity to the mid-price, had recovered above pre-FTX levels indicating that market makers were comfortable offering liquidity again around a tight range.Read full article at <a href="https://cryptotale.org/five-exchanges-including-coinbase-account-for-72-of-eth-liquidity/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Five Exchanges Including Coinbase Account For 72% Of ETH Liquidity

CryptoTale

Other articles published on May 30, 2023

The 7 Most Crypto Friendly Countries

Best performing crypto in May 2023

Can XRP Hold on to $0.50 Price? Critical Levels to Watch in XRP!

Crypto: A growing problem in divorce cases

LATOKEN EVENTS

Bitcoin is in dangerous position as demand dries up

Join our free newsletter for daily crypto updates!