XRP News Today: Bitget Surpasses Binance Coinbase in Altcoin Liquidity

Generated by AI AgentCoin World
Thursday, Jun 26, 2025 8:39 am ET1min read
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Bitget has recently emerged as the leading platform for altcoin liquidity, surpassing major competitors such as Binance and

Coinbase
, according to a study by CoinGecko. The research analyzed the liquidity of major cryptocurrencies, highlighting Bitget's dominance in
Ethereum
(ETH),
Dogecoin
(DOGE),
Solana
(SOL), and XRP at specific market depths. This finding suggests that crypto whales, who often deal with large orders, may find it easier to trade on Bitget compared to other platforms.

The study, which examined global order books for the top five cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE)—over a 61-day period from March 19 to May 18, revealed that Bitget offers the most liquidity for altcoins within the 0.3%-0.5% interval. This means that traders on Bitget can execute large orders with minimal price impact, a crucial factor for institutional investors and high-volume traders.

Liquidity, in this context, refers to the depth and size of buy and sell orders at different prices, indicating the ease of trading large volumes without causing significant price changes. Market depth, the standard measure of liquidity, is the collection of buy and sell orders at various price ranges. A tighter liquidity closer to the current market rate implies lower slippage for traders, which is the difference between the expected and actual execution price of a trade.

Bitget's leadership in altcoin liquidity can be attributed to its robust infrastructure, according to Gracy Chen, CEO of Bitget. Chen highlighted that institutions drive 80% of Bitget's spot volume, and futures activity from professional firms has doubled. Additionally, 80% of top quant funds trade on Bitget, underscoring the platform's appeal to institutional investors. Chen emphasized that liquidity is a critical component of infrastructure, and Bitget is building it where the market needs it most.

In specific cases, Bitget showed dominance in XRP at the 0.3% depth range, with Binance and Coinbase catching up at the 1% depth level. A similar pattern was observed in SOL, where Bitget led with a 32% share of liquidity at the 0.6% range but lost ground to Binance at the wider 2% level. Bitget also led in smaller intervals for ETH and DOGE. However, for

Bitcoin
, Binance remained the leader across all levels of market depth, with significant liquidity on both sides at a spread of $100 from the market price.

This analysis underscores the importance of liquidity for traders, especially those dealing with large volumes. Bitget's emergence as a leader in altcoin liquidity suggests that the platform is well-positioned to attract institutional investors and high-volume traders. The findings also highlight the competitive landscape among cryptocurrency exchanges, with each platform vying to offer the best liquidity and trading conditions for their users.