Add as a preferred source on GoogleBinance Ether Spot Book Shows $2.08 Million More in Buy Orders
Binance had $8.93 million in bids against $6.85 million in asks. Coinbase also had more bids than asks, on a smaller scale than Binance.
Binance’s Ether (ETH) spot order book showed a $2.08 million surplus of buy orders over sell orders in a market snapshot, giving the exchange the deepest spot book in the comparison.
The book listed $8.93 million in buy orders and $6.85 million in sell orders. The difference between the two sides was $2.08 million.
Coinbase’s spot market also had more buy orders than sell orders, but its order-book activity was on a smaller scale than Binance’s.
Order-book depth varies by exchange. A sudden large buy or sell can have a greater effect on prices at venues with thinner books. A previous Ether spot-book snapshot showing a Binance buy-side advantage covered a separate observation.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.