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Binance.US Experiences Significant Drop in Liquidity as Market Makers Flee Exchange

Binance.US, the US-based subsidiary of cryptocurrency exchange Binance, has experienced a significant drop in liquidity as market makers and traders have reportedly left the exchange in large numbers.

The liquidity, measured by aggregated market depth for 17 tokens on the exchange, has fallen by almost 80% over the past week. The drop in market depth for Binance.US indicates that market makers are rushing to exit the market, potentially due to regulatory concerns or other factors.

This can have several implications for Binance.US, including decreased liquidity, increased volatility, and potential difficulty for investors to buy or sell assets at a desired price. Coinbase, on the other hand, has seen its market share soar over the past week, from 46% to 64%, for unclear reasons.

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