Crypto exchange has ranked among the top three centralized exchanges for Bitcoin spot market depth, according to a new report from TokenInsight. The study placed KuCoin alongside some of the industry’s largest trading platforms for liquidity and execution quality across spot and futures markets.
The report reviewed eight major crypto exchanges using key trading indicators, including order-book depth, bid-ask spreads, slippage, and futures market performance for Bitcoin and Ethereum trading pairs.
More depth. Tighter spreads. Stronger trading infrastructure. ⚡️
KuCoin has been ranked among the Top 3 for $BTC spot market depth in @TokenInsight’s latest Crypto Exchange Liquidity Report!
With highly competitive BTC/ETH spot spreads and tightly compressed futures spreads… pic.twitter.com/iR3K0WZNQr
— KuCoin (@kucoincom) May 28, 2026
KuCoin shows strong BTC spot liquidity
According to TokenInsight, KuCoin ranked within the industry’s highest tier for cumulative Bitcoin spot depth within the 0.03% execution range. The metric measures how much liquidity is available close to the market price without causing major price swings during large trades.
Market depth remains one of the most closely watched indicators for institutional and professional traders because it reflects an exchange’s ability to handle high trading volumes efficiently.
The report noted that liquidity competition among centralized exchanges is becoming increasingly concentrated among a smaller group of top-tier platforms as institutional participation in crypto markets continues to grow.
Tight trading spreads boost execution quality
KuCoin also posted competitive spot trading spreads for both Bitcoin and Ethereum markets. The exchange maintained Bitcoin spot spreads at around 0.01 basis points, placing it among major global exchanges including Binance, Bitget and OKX.
Ethereum spot spreads also remained within the industry’s most competitive range, showing strong two-sided liquidity and efficient order-book performance for traders. Tighter spreads are often viewed as a sign of better trading efficiency because users can buy and sell assets with lower transaction costs.
Meanwhile, KuCoin released its latest proof-of-reserves snapshot, showing that user assets remain fully backed, with reserve ratios exceeding 100% across major cryptocurrencies. Bitcoin reserves stood at 124%, with the platform holding over 10,600 BTC against roughly 8,600 BTC in user balances. Ethereum reserves reached 118%, while stablecoins showed even higher coverage, with USDT at 126% and USDC at 124%.
Will futures trading performance remain competitive?
In derivatives markets, KuCoin continued to show stable performance across Bitcoin and Ethereum futures trading.
The report showed Bitcoin futures spreads at 0.010 basis points, matching several leading global derivatives exchanges. Ethereum futures spreads also remained competitive among major trading venues tracked in the study.
TokenInsight said trading infrastructure, market resilience, and liquidity quality are becoming increasingly important factors for institutional traders choosing where to execute large crypto trades.
KuCoin was recognized as a top-tier growth performer among centralized exchanges in CryptoQuant’s Annual Exchange Leader Report, achieving a notable 64% boost in BTC spot trading activity.
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