XRP's order book on U.S. exchanges is 30% more liquid than offshore platforms.
The greater the liquidity or market depth, the easier to execute large transactions at stable prices.
XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive development for whales looking to trade large quantities at stable prices stateside.
As of Thursday, U.S. exchanges, including Nasdaq-listed Coinbase (COIN) and Kraken, boasted a 1% market depth of $1.12 million, offering 30% greater order book liquidity than offshore exchanges like Binance and OKX, according to data tracked by CCData.
In other words, a trade transaction worth at least $1.12 million must go through U.S. exchanges to move the spot price by 1% in either direction. A relatively smaller amount could do the same on offshore exchanges.
The 1% market depth on U.S. avenues has increased 53% since July last year, outpacing the 43.2% improvement on offshore platforms.
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