BeInCrypto study places LBank first on order-book depth in five of six major pairs
Chainwire reported a BeInCrypto market-depth study ranking LBank first on displayed liquidity in five of six major USDT spot pairs.
Why it matters
Order-book depth is one input into how exchanges are compared for liquidity, and a published study that ranks a mid-sized exchange above larger rivals is the kind of claim exchanges cite in marketing. The study's own caveat that displayed depth does not guarantee execution quality, plus the fact that no independent outlet reported it, limits how far the ranking can be pushed.
Key facts
Chainwire reported that a BeInCrypto market-depth study evaluated LBank's order-book liquidity against Binance, OKX, Gate, Bitget, MEXC and Bybit.
Reported by Chainwire
The study ranked LBank first in five of six sampled USDT spot pairs, covering Bitcoin, Ethereum, Solana, XRP and BNB.
Reported by Chainwire
The study ranked LBank second for Dogecoin.
Reported by Chainwire
Chainwire reported that LBank's displayed depth was above the six-peer median in all six sampled pairs.
Reported by Chainwire
Chainwire reported that BeInCrypto found LBank scheduled PONS trading 54 days and seven hours ahead of Bitget in the study's comparison.
54 daysReported by Chainwire
BeInCrypto stated in the study that displayed order-book depth does not guarantee execution quality.
Reported by Chainwire
The study was published by BeInCrypto and distributed by Chainwire from Singapore, with no other outlet in the evidence set covering it.
Reported by Chainwire
What happened
Chainwire reported on a BeInCrypto market-depth study that measured LBank's order-book liquidity against Binance, OKX, Gate, Bitget, MEXC and Bybit, and put LBank first in five of six sampled USDT spot pairs: Bitcoin, Ethereum, Solana, XRP and BNB, with a second-place ranking for Dogecoin. The report said LBank's displayed depth exceeded the median of the six peers across every sampled pair, and that LBank listed the PONS token 54 days and seven hours ahead of Bitget in the specific comparison BeInCrypto ran. BeInCrypto stated in the study itself that displayed order-book depth does not guarantee execution quality, so the ranking is a measure of visible liquidity around market prices rather than proof of fills. The piece came through Chainwire, a press-release distributor, and no other outlet in the evidence set covered the study, so none of the rankings or figures have independent confirmation here, and the study's full methodology was not described in the article.
How the story developed
- First report
First report by Chainwire
LBank Ranks No. 1 for Mainstream Crypto ($52.16M) and Stock Depth (4.4x) in BeInCrypto Report
- Update
BeInCrypto market-depth study released and distributed by Chainwire
The study ranked LBank first on displayed order-book depth in five of six major USDT spot pairs against six peer exchanges.
- Update
Study measures LBank's token listing lead over Bitget on PONS
BeInCrypto examined selected emerging tokens alongside major markets and found LBank scheduled PONS trading 54 days and seven hours ahead of Bitget in that comparison.
Affected entities
Also mentioned: Dogecoin, Binance, XRP, BNB, Bybit, OKX
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Chainwire Aggregator | LBank Ranks No. 1 for Mainstream Crypto ($52.16M) and Stock Depth (4.4x) in BeInCrypto Report | Original |
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