“Binance offered the most liquidity for Bitcoin, while Bitget was the most liquid platform for altcoins, ranging from 0.3% to 0.5%.”
Speaking to Coindesk, Bitget CEO Gracy Chen commented on the Coingecko research and said that Bitget’s leadership stems from its infrastructure.
“Altcoin liquidity is a measure of market depth and this ranking shows how far Bitget has come.
Today, institutions drive 80% of our spot volume, futures activity by professional firms has doubled, and 80% of top funds trade on Bitget.”
In XRP,$XRP Bitget dominated with a depth range of 0.3% (with a variance of $0.006), while Binance and Coinbase lagged behind with a depth level of 1% (with a variance of $0.006).
A similar situation was true for Solana $SOL , while Bitget led other major exchanges with a 32% share in the 0.6% range in liquidity for SOL.
According to the report, Bitget also led other exchanges by small margins in ETH and DOGE, but Binance maintained its leading position for Bitcoin.