Crypto Trading Liquidity Showdown: Binance vs. Bitget

Hang onto your hats, crypto traders! CoinGecko just dropped a bombshell report comparing how the big dogs stack up when it comes to liquidity across the hottest crypto assets. Let's dive in!

Binance? Yeah, they're still the king of the jungle when it comes to Bitcoin (BTC) trading. But hold up, because CoinGecko's June 25 report spilled some tea: smaller exchanges are ready to throw down in the altcoin arena. Bitget (BGB) is straight-up leading the pack in the key mid-spread band for altcoins, where the real action goes down.

CoinGecko's deep dive shows that Binance ain't budging from its Bitcoin throne. They're clutching a whopping 32% of all Bitcoin liquidity on exchanges, with deeper pockets across all trading depths. It's like they've got an endless supply of the good stuff.

Bitget Challenges Binance on Altcoins

But wait, there's more! Other exchanges are stepping up to the plate and swinging for the fences against Binance in the altcoin game. Bitget? They're crushing it in the mid-range, where most of the trading magic happens. They even outran Binance on April 15, but their liquidity starts to fizzle out beyond that sweet spot.

It's the same story with XRP. Bitget's ruling the roost in the 0.3% trading range, but then it's a sharp drop-off. And when it comes to SOL, Bitget's got a 32% grip on the 0.6% liquidity range. Bitget's CEO, Gracy Chen, ain't messing around either. They've been hustling to team up with institutional liquidity providers.

"Today, institutions drive 80% of our spot volume, futures activity from professional firms has doubled, and 80% of top quant funds trade on Bitget. Liquidity is infrastructure — and we're building it where the market needs it most," Gracy Chen, Bitget CEO, declared with fire in her eyes.

And here's the cherry on top: CoinGecko's report says liquidity is looking healthy across all the major exchanges, especially in the real-deal trading ranges. That's a green flag for the crypto market as it keeps maturing and pulling in more big-time players.