July 4 (Cointime) - Enforcement actions by the SEC against Ripple, Binance, and Coinbase have negatively impacted the liquidity of other crypto exchanges. The CEX landscape has already faced challenges, and a new report shows a slow recovery in liquidity during Q2.
However, Kraken has been an outlier, with remarkably resilient liquidity and increased market depth.
While the liquidity crisis in the US has affected prices on Binance.US and Coinbase, Kraken stands out as a strong exchange. Institutional clients remain optimistic about the outlook of crypto, with over 50% having a crypto AUM of less than $25 million and 63.5% expressing confidence in the next year.
All Comments