Coinbase responded to the interview and said that although market data showed that the SEC's lawsuit against Cumberland had led to a decline in Bitcoin liquidity, the BTC trading depth on its platform had not changed substantially. According to analysis by encryption data company Kaiko, at 18:00 UTC on the evening of October 10, the 2% Bitcoin depth on the Coinbase platform fell by 46%, indicating that the liquidity of the exchange had decreased in a short period of time. However, both Coinbase and Cumberland denied that liquidity had been significantly affected, and Cumberland emphasized that its operations had not been affected by the SEC lawsuit. Kaiko added that the overall liquidity of US exchanges is still lower than before the lawsuit. (CoinDesk)