Evaluating exchanges based on the liquidity of its Bitcoin pairs

InstitutionalNovember 6, 2019, 6:08AM EST
UPDATED: March 16, 2022, 3:44PM EDT
Evaluating exchanges based on the liquidity of its Bitcoin pairs
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Evaluating exchanges by order book depth is far superior to looking at the trading volume. 

Following the Bitwise study, it’s now widely known that the vast majority of the reported trading volume is not real. In May, The Block analyzed 48 cryptocurrency exchanges and found that up to 86% of total reported trading volume is likely fake.

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