In the fast-evolving world of cryptocurrency exchanges, liquidity is king. A new report by CoinGecko reveals that Binance continues to dominate Bitcoin (BTC) liquidity, while Bitget has emerged as the leader in altcoin trading. Let’s dive into the key findings and what they mean for traders.
Binance Leads Bitcoin Liquidity with 32% Market Share
According to CoinGecko’s “Crypto Liquidity on CEXes 2025” report, Binance maintains its strong position in Bitcoin trading:
- 32% of total BTC liquidity across major exchanges
- $8 million market depth on both buy and sell sides
- Nearly double the liquidity of its closest competitor
Bitget Surpasses Binance in Altcoin Liquidity
While Binance rules Bitcoin, Bitget has taken the crown for altcoin liquidity:
- Top position for Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE)
- Outperformed both Binance and OKX in altcoin market depth
- $4.6 million median market depth for BTC, showing strong overall performance
Why Crypto Exchange Liquidity Matters
Liquidity is crucial for traders because:
- Better prices with tighter spreads
- Faster execution of large orders
- Reduced slippage during volatile markets
FAQs About the CoinGecko Liquidity Report
Q: How was the liquidity data collected?
A: CoinGecko analyzed data from March 19 to May 18 across eight leading exchanges.
Q: What is market depth in crypto trading?
A: Market depth measures how much volume exists within a certain price range, indicating liquidity.
Q: Why does Binance have such strong Bitcoin liquidity?
A: Binance’s large user base and market share contribute to its deep order books.
Q: Should I choose an exchange based on liquidity?
A: While liquidity is important, also consider security, fees, and supported assets when choosing an exchange.
