TL;DR:
- KuCoin ranked third globally in order book depth for spot BTC, with $0.9M in the 0.03% cumulative range.
- In ETH stress tests, its slippage rose only from 0.160% to 0.177%, while other platforms exceeded 2.1%.
- In BTC and ETH futures, the exchange recorded 0.059% and 0.051% slippage respectively, within the range of the most prominent exchanges.
The monthly crypto exchange liquidity report published by TokenInsight in March 2026 positioned KuCoin among the three best exchanges in the world in order book depth for the BTC/spot pair. The report analyzed seven top-tier centralized exchanges under three main metrics: order book depth, slippage, and bid-ask spreads.
In the category of cumulative depth at 0.03% for BTC —a critical indicator for high-frequency traders and retail execution efficiency—, KuCoin recorded $0.9 million, placing third globally and surpassing several platforms considered benchmarks in the sector.
KuCoin’s Resilience Under ETH Selling Pressure
The most relevant finding in the report concerns the platform’s behavior during stress tests applied to the ETH/spot pair. When sell order sizes doubled from $500,000 to $1,000,000, its slippage increased moderately: it moved from 0.160% to just 0.177%. Other platforms in the same analysis group experienced severe deterioration, with some exceeding 2.1% slippage under the same conditions. This stability positions the exchange as a solid option for high-volume institutional operations in Ethereum.
In the derivatives market, the results follow the same trend. For BTC futures with $5 million sell orders, the exchange recorded a slippage of 0.059%, within the consolidated range of the highest-tier exchanges. In ETH futures, the platform held a 0.051% slippage for $1 million orders, remaining in the leading group under greater notional pressure.
Infrastructure as the Foundation of Trust
BC Wong, CEO of KuCoin, commented on the results: “Liquidity is a fundamental pillar of trust in digital asset markets. KuCoin is committed to building a platform where users can execute trades with confidence, backed by resilient liquidity, stable pricing, and continuous investment in infrastructure.”
TokenInsight also points to a structural trend toward the concentration of liquidity in the most prominent exchanges, a process in which KuCoin has been building a key role within the top-tier ecosystem.
