Add as a preferred source on GoogleCoinbase Ether (ETH) Order Book Shows $6.32 Million Bid Lead
Coinbase’s snapshot showed $14.58 million in bids and $8.26 million in asks. Binance also had more buy-side than sell-side depth, with smaller buy orders than Coinbase.
Coinbase’s spot Ether (ETH) order book showed $14.5812 million in bids and $8.2635 million in asks, a $6.3177 million bid lead. Ether was quoted at $2,138.42 in the snapshot.
Coinbase had the thickest spot book in the comparison. Binance’s spot book also showed more buy orders than sell orders, though its buy orders were smaller than Coinbase’s. A Nov. 6 Coinbase spot order-book snapshot showed a $3.56 million bid lead.
A sudden large buy or sell order could affect thinner order books first, where price moves may be more pronounced.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.