@adanahum
When an exchange expands into new fiat pairs or markets, depth and market share typically shift within 1–3 months. Early liquidity often comes from arbitrageurs exploiting cross-currency spreads, followed by organic user adoption. Market share growth depends on ease of fiat on/off ramps, local regulation, and marketing. Depth usually increases first in core BTC/ETH pairs, then spreads to altcoins. Historical data suggests that traction accelerates if the exchange offers incentives or unique rails (instant settlement, lower fees). Monitoring daily depth ratios shows adoption speed accurately.
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