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Last updated: June 18, 2025, 06:06  |  Written by: Sam Bankman-Fried

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Kaiko Data Researcher Riyad Carey

Bitcoin-Tether Pair Is Most Liquid on Binance Even As

“Market depth data on Binance shows us that BTC-USDT is still king from a liquidity standpoint, with market makers evidently more comfortable with exposure to Tether

Kaiko Data researcher Riyad Carey highlighted that the exchange’s BTC liquidity for Binance USD (BUSD) and Tether’s USDT declined by 60% and 70%, respectively.

USDT Dominance Returns to Binance, Powering Bitcoin Trading

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Binance's Bitcoin liquidity for TUSD surges 250% - Crypto News

Bitcoin-Tether Pair Is Most Liquid on Binance Even as

Bitcoin-USDT Dominates Binance Liquidity Despite TUSD Rise

Bitcoin-Tether Pair Dominates Binance Liquidity

The Rising Share Of Usdt

The rising share of USDT and USDC pairs signals heightened trading activity, deeper liquidity pools, and stablecoin dominance as key drivers of BTC price

Discover how Bitcoin-Tether dominance persists on Binance despite TUSD trading volume. Explore the details in this informative blog post.

Binance BTC/USDT Liquidation Heatmap - coinglass

Data From Kaiko

Data from Kaiko, a market intelligence firm, shows that the liquidity for BTC-USDT and BTC-BUSD trading pairs on the most prominent crypto marketplace, Binance, has

Sam Bankman-Fried can be reached at [email protected].

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