TokenInsight Liquidity Report: Bitget Leads the BTC/ETH Futures Market

According to data from TokenInsight's "Cryptocurrency Exchange Liquidity Report," in the BTC and ETH spot markets, Binance maintains a leading position in order book depth, significantly outperforming other platforms within the 0.03% and 0.05% ranges, followed closely by Bitget and OKX. In terms of slippage for large spot sell orders, Binance maintains the lowest slippage for both BTC and ETH, while Bitget ranks second overall, demonstrating strong order book absorption capacity. In terms of BTC bid-ask spreads, both Binance and Bitget are within the optimal range.

The futures market presents a differentiated landscape. Bitget performs prominently in BTC and ETH futures order book depth, maintaining a leading position within both the 0.05% and 0.1% ranges. Regarding slippage performance for large sell orders, BTC futures liquidity is relatively balanced among top-tier platforms, while ETH futures show more pronounced platform differentiation, with Bitget and OKX exhibiting the lowest slippage for $5 million sell order scenarios. The bid-ask spreads for BTC and ETH futures remain generally low among mainstream exchanges, reflecting the increasing maturity of the derivatives market structure.

In terms of precious metals futures, gold (XAU) and silver (XAG) exhibit different liquidity characteristics. Overall, Binance still dominates in XAU and XAG futures depth, while Bitget maintains strong liquidity performance. In comparison, the XAU market overall has better depth, with relatively controllable slippage and spreads on top platforms; whereas XAG exhibits higher slippage and wider spreads.