TokenInsight liquidity report: Bitget leads the BTC/ETH contract market

According to the "Cryptocurrency Exchange Liquidity Report" released by TokenInsight, in the BTC and ETH spot markets, Binance maintains a leading position in order book depth, significantly ahead of other platforms in the range of 0.03% and 0.05%, followed by Bitget and OKX. Judging from the slip point of large spot sell orders, Binance maintains the lowest slip point in the two currencies of BTC and ETH, while Bitget ranks second overall and has strong order book acceptance capabilities. At the latitude of the BTC bid-ask spread, Binance and Bitget are in the optimal range.<br /> The contract market presents a differentiated pattern. Bitget outperformed in terms of the depth of the BTC and ETH contract order books, maintaining a lead in both the 0.05% and 0.1% ranges. Judging from the performance of large-scale sell orders, the liquidity of BTC contracts is generally more balanced among the head platforms, while ETH contracts show more obvious platform differentiation. Bitget and OKX have the lowest slippage in the US$5 million sell order scenario. The bid-ask spreads for BTC and ETH contracts remain generally low among major exchanges, reflecting the increasingly mature structure of the derivatives market.<br /> In terms of precious metals contracts, gold (XAU) and silver (XAG) show different liquidity characteristics. Overall, Binance still dominates the depth of XAU and XAG contracts, and Bitget maintains strong liquidity performance. In contrast, the overall depth of the XAU market is better, and the slip point and spread of the head platform are relatively controllable; while XAG presents a higher slip point and a wider spread.