Kraken's market share among exchanges supporting USD deposits has risen to 21.1% in July from 8.3% in August 2022.
47% of the market depth for the top 10 altcoins, according to Kaiko. Market depth refers to a given market's ability to absorb a large buy or sell order without impacting the price of that market's asset. In the wake of last year's price drawdown and the meltdown of FTX, market depth and liquidity have been negatively impacted across exchanges and cryptocurrencies.
To be sure, the firm has not been immune to the industry-wide trend of declining volumes, with monthly trading volumes declining from a high of $28.07 billion in March to $13.6 billion last month. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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