Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide Exchanges News
Updates and insights on centralized and decentralized exchanges, liquidity, and innovation.
Stories 2,712
Coverage footprint 10.9%
Analysis
Coinbase’s $70B Bitcoin move made it look like investors were selling — but no one actually did
Bitcoin traders often treat old-coin movement as a sign that long-term holders are waking up. Coinbase’s $69.5 billion BTC migration suggests that signal may be less reliable than it looks.

Bear Market
KuCoin reports growth in volume, user count through crypto winter
KuCoin's user count surpassed 27 million, while the spot and futures markets' combined transaction volume surpassed $3.6 trillion.

Tokenization
OKX reports $7.5B Proof-of-Reserves in BTC, ETH, USDT
OKX reserves are 100% clean, meaning that the exchange reserves do not contain the exchange's native token, according to CryptoQuant data.





















