Binance's $BTCTUSD pair remains less liquid than $BTCUSDT, complicating matters for traders looking to execute large orders at stable prices. reports godbole17
's dollar-pegged stablecoin TrueUSD have surged over the past four weeks after the crypto exchange introduced zero trading fees in the pair on March 23 while simultaneously reintroducing fees for all other pairs.
"Market depth data on Binance shows us that BTC-USDT is still king from a liquidity standpoint, with market makers evidently more comfortable with exposure to Tether over TUSD," Conor Ryder, a research analyst at Paris-based crypto data provider Kaiko, said in a market update last week. The more significant the depth, the more liquid an asset is said to be and the less the slippage. Slippage is the difference between the expected price at which a trade is placed and the actual price at which the transaction is executed. Slippage usually occurs when there is low market liquidity or high volatility.
The chart shows liquidity in BTC/USDT was $30 million at the 1% depth last week or 200% greater than $10 million in BTC/TUSD. In other words, traders might be better off executing large orders in the BTC/USDT pairs rather than the BTC/TUSD pair.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance Pay and ivendPay Join Forces to Make Crypto Payments Even More Accessible | Binance BlogMaking crypto easy to use is key to adoption. Binance Pay has partnered with IvendPay, a payment service operating in 7 countries with 400+ active merchants. Binance users can now make crypto purchases across their entire international network.
Leer más »
Introducing Binance Sensei: Your AI-powered Web3 Mentor | Binance BlogLaunching on April 24, 2023, Binance Sensei is an innovative AI-driven learning tool that is seamlessly integrated with Binance Academy. Binance Sensei leverages the power of artificial intelligence to help users access the wealth of knowledge available on Binance Academy in a more intuitive manner.
Leer más »
Binance Launches Ether-Based Liquid Staking Product WBETH to Rival Liquid Staking Competitors – Altcoins Bitcoin NewsOn Monday, the crypto exchange Binance introduced the company’s new ETH-based liquid staking product called WBETH.
Leer más »
Dogecoin Whales Transferred 151 Million Coins Out of Binance, What's Next for DOGE Price?Dogecoin: 151 million DOGE just left Binance in recent hours, what's happening? DogeFam $DOGE DogecoinTotheMoon Dogecoinrise
Leer más »
What Does the Binance Compliance and Investigations Team Do? Hear From Our Experts | Binance BlogOur compliance and investigations teams work hard to keep you and the winder crypto ecosystem safe. A day can involve anything from identifying and taking action against bad actors, to training investigators. Learn more about what they do 👇
Leer más »
Stars even series with 3-2 win vs. Wild on Seguin's PP pairTyler Seguin scored two power-play goals and Jake Oettinger made 33 saves in a brilliant show in his home state to help the Dallas Stars bounce back from a lopsided loss and beat the Minnesota Wild 3-2 in Game 4 on Sunday night to even their first-round NHL playoff series.
Leer más »