Kraken Dominates U.S. Crypto Exchanges Amid Regulatory Hostilities

U.S. centralized crypto exchanges (CEXs) are finding themselves in a tight spot, wrestling with decreasing crypto liquidity as regulatory antagonism impacts major players such as Binance.US and Coinbase. However, amidst this gloomy situation, a ray of light emerges. According to a report prepared by digital asset data provider Kaiko, Kraken, the second-largest crypto exchange in the U.S., has been the only trading platform to see an increase in market depth year-to-date (YTD). Kraken Outpaces Its Competitors Market depth can be defined as an exchange’s ability to absorb relatively large market orders without significantly affecting the asset’s price. Simply put, it can also be considered a measure of available liquidity on the platform. As seen in the graph below, Kraken outperformed its competitors in the U.S. market. This can also be measured by comparing the supply of Bitcoin (BTC) on different U.S.-based exchanges. While BTC on Coinbase saw a sharp drop […] The post Kraken Dominates U.S. Crypto Exchanges Amid Regulatory Hostilities appeared first on COINTURK NEWS.