MEXC Leads in BTC, ETH, and Silver Futures Depth, TokenInsight Report Shows
MEXC has taken the top spot in near-touch order book depth for Bitcoin (BTC) and Ethereum (ETH) futures, according to TokenInsight's July Liquidity Report. The exchange also led in silver (XAG) futures depth.
The report evaluated liquidity performance across nine major exchanges based on order book depth, slippage, and bid-ask spread, covering BTC and ETH spot and futures markets, as well as gold and silver futures.
MEXC's cumulative depth at the 0.01% band for BTC was $0.91 million, nearly matching the top exchange in the sample at $0.92 million, while its median slippage stood at 0.004% for $100K BTC sell orders, among the tightest in the sample.
The exchange's cumulative futures depth was also the highest in the sample at the 0.03% band, reaching $15.71 million combined for BTC and ETH, while its median slippage for ETH was the lowest in the sample at 0.006% and 0.015% for $500K and $1M sell orders.
MEXC's XAG futures depth ranked first across both measurement bands, reaching roughly $0.4 million at the 0.01% band and approximately $1.0 million at the 0.03% band.