Top 8 Exchanges Control 91.7% of Crypto Market Depth: 2023 Report
In a recent report, leading data analytics firm Kaiko placed the concentration of liquidity in the crypto market under scrutiny. The report delves into the details of liquidity distribution across various exchanges amid market fluctuations and multi-year lows in trading volume and volatility. Kaiko acknowledges that highly concentrated crypto markets possess both advantages and disadvantages....