CoinVoice recently learned that according to Coindesk, a Coinbase spokesperson responded to Kaiko’s recent report. The Coinbase spokesperson said: “In October, we did not see a significant change or decline in the BTC-USD depth around 2%.”

Kaiko previously reported that liquidity measured by 2% market depth fell on October 10 after the SEC accused Cumberland of trading more than $2 billion worth of crypto assets as an unregistered trader. The 2% BTC depth on Coinbase began to decline at 18:00 UTC on October 10, falling 46% to 267 BTC in a few hours. [Original link]