Binance Ether Spot Book Shows $2.08 Million More in Buy Orders

Binance’s Ether (ETH) spot order book showed a $2.08 million surplus of buy orders over sell orders in a market snapshot, giving the exchange the deepest spot book in the comparison. The book listed $8.93 million in buy orders and $6.85 million in sell orders. The difference between the two sides was $2.08 million. Coinbase’s spot market also had more buy orders than sell orders, but its order-book activity was on a smaller scale than Binance’s. Order-book depth varies by exchange. A sudden large buy or sell can have a greater effect on prices at venues with thinner books.