The report further highlights Binance’s unparalleled depth in BTC and ETH order books, with $350 million in liquidity across USDC and USDT pairs. This 5% depth level for Bitcoin and Ethereum pairs positions Binance ahead of competitors like Kraken and Bitfinex, which have concentrated liquidity primarily in USD pairs, with approximately $154 million in depth each. Binance’s extensive depth across USD-stable pairs demonstrates its market-leading liquidity and capacity to support high-volume trades.
- 0 replies
- 0 recasts
- 0 reactions
This announcement has sparked interest and speculation within the cryptocurrency community, as the involvement of a sovereign nation in Bitcoin acquisition could have significant implications for the market. The identity of the country remains undisclosed, leading to discussions about which nation it might be and the potential reasons behind its strategic move into the digital currency space.
- 0 replies
- 0 recasts
- 0 reactions
"BIO Protocol represents a significant step forward in DeSci by merging biotechnology and DeFi," said Andy Chang, Investment Director at Binance Labs. "Our commitment is to drive real, long-term impact by investing in projects that build meaningful technology. Supporting BIO Protocol aligns with our mission to foster innovation that can truly shape the future and unlock scientific breakthroughs across the globe."
- 0 replies
- 0 recasts
- 0 reactions