XRP liquidity on US exchanges is 30% higher than on offshore platforms, and trading volume has also increased

XRP has 30% higher order book liquidity on U.S. exchanges than on offshore platforms. It is reported that the greater the liquidity or market depth, the easier it is for investors to execute large transactions at a stable price. CCData data shows that as of Thursday, the 1% market depth of U.S. exchanges including Coinbase and Kraken reached $1.12 million, 30% higher than the liquidity of offshore platforms such as Binance and OKX. Since July last year, the 1% market depth of U.S. exchanges has increased by 53%, while offshore platforms have only increased by 43.2%. Trading volume in the XRP market on U.S. exchanges has also increased, but offshore exchanges still dominate. Kaiko said that U.S. platforms currently account for 14% of global XRP trading volume, which is comparable to the level four years ago. The relative improvement in the trading environment of U.S. exchanges may stem from the reduction of regulatory uncertainty. Kaiko said in a weekly report: "Since last year's landmark court ruling that awarded Ripple Labs a partial victory over the SEC, the demand for XRP in the U.S. market has steadily increased." (CoinDesk)