TokenInsight Liquidity Report: Bitget leads BTC/ETH contract market

Comparative news, according to the “Cryptocurrency Exchange Liquidity Report” published by TokenInsight, Binance's order book maintains a deep lead in the BTC and ETH spot markets, clearly leading other platforms in the 0.03% and 0.05% range, followed by Bitget and OKX. Judging from the slippage of large spot sales orders, Binance maintained the lowest slippage in the BTC and ETH currencies, while Bitget ranked second overall, with strong order book acceptance capacity. Binance and Bitget are in the optimal range in the BTC trading price latitude.

The contract market, on the other hand, presents a differentiated pattern. Bitget excelled in terms of the depth of the BTC and ETH contract order book, maintaining the lead in both the 0.05% and 0.1% ranges. Judging from the slippage performance of large selling orders, the overall liquidity of BTC contracts is relatively balanced among leading platforms, while ETH contracts show more obvious platform differentiation. Bitget and OKX have the lowest decline in the $5 million sell order scenario. The overall trading spread of BTC and ETH contracts remains low among mainstream exchanges, reflecting the growing maturity of the derivatives market structure.

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 has maintained strong liquidity performance. In contrast, the overall depth of the XAU market is better, and the leading platform slippage and price spread are relatively manageable; XAG, on the other hand, showed higher slippage and wider spreads.