Bullish claims to offer world’s deepest liquidity for BTC/USD
forkast.news 19 May 2022 10:40, UTC
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The development will help institutional clients trade at scale, with better pricing and lower risk, within a regulated market environment, Bullish said.
- An internal study of publicly available Coinbase and Binance data over a two-month period ending on May 8 showed Bullish offering deeper liquidity than peers, the cryptocurrency exchange operator said.
- The data is inclusive of Bullish following the release of the BTC/USD range-bound liquidity pool.
- A week after the launch of the BTC/USD range-bound liquidity pool, the firm had a trading volume of US$1.91 billion compared with US$396.4 million, Bullish said.
- Higher liquidity helps with more bids and offers, theoretically increasing stability, reducing volatility, and price discovery for traders.
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