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Binance’s Bitcoin ‘Bid-Ask Spreads’ Constrict as Cryptocurrency Marketplaces Matured

Getting in & out of a considerable bitcoin trade on cryptocurrency exchanges like Binance or BitMEX is not priced as much as it used to. That might be a vital sign that digital-asset markets are maturing. At Binance, the world’s prime cryptocurrency exchange by trading volume, the average daily spread between buying & sell orders on bitcoin futures for $10 million quote size deteriorated to a record low of 0.25% on Monday, conferring to data provided by research firm Skew. The spread, which characteristically narrows as an exchange’s order book depth increases, spiked to 7.95% during the March crash but…

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