TokenInsight July 2026 Liquidity Report Ranks KuCoin Among Top Three for ETH Spot Execution
2026/08/03 18:30:00
KuCoin ranks among the top three centralized exchanges for both median and P90 slippage on a $100,000 ETH spot sell order, while recording sub-0.01% median slippage for the equivalent BTC order.
According to TokenInsight’s July 2026 Crypto Exchange Liquidity Report, KuCoin delivered competitive execution quality across the BTC and ETH spot markets. The findings highlight KuCoin’s ability to limit price impact for $100,000 spot orders while maintaining tightly compressed bid-ask spreads across both spot and futures markets.
Competitive BTC and ETH Spot Execution
The report evaluated liquidity across the major exchanges based on order book depth, slippage and bid-ask spread from June 15 to July 14, 2026. For a simulated $100,000 ETH spot sell order, KuCoin recorded median slippage of 0.019%, tying for the third-lowest among the eight centralized exchanges evaluated. Its P90 slippage was 0.030%, also the third-lowest in the comparison. While the median reflects execution under typical sampled conditions, P90 provides a view of performance during comparatively less favorable periods. KuCoin’s top-three placement across both measures points to competitive and consistent ETH spot execution throughout the assessment period.
KuCoin also recorded median slippage of just 0.009% for an equivalent BTC spot sell order, making it one of only five exchanges in the comparison to keep the metric below 0.01%. Together, the BTC and ETH results demonstrate KuCoin’s ability to execute $100,000 spot orders efficiently while limiting their impact on market prices.
Tightly Compressed Pricing Across Spot and Futures
Pricing efficiency was another area of strength. KuCoin maintained median bid-ask spreads of 0.020 basis points for BTC and 0.060 basis points for ETH across both spot and futures markets.
These figures matched the tightly compressed spread levels observed among major centralized exchanges. Narrower bid-ask spreads generally indicate closer alignment between buyers and sellers, supporting more efficient price discovery and reducing the baseline market friction associated with immediate execution.
Taken together, the findings highlight KuCoin’s top-three performance in ETH spot execution, competitive BTC spot liquidity and efficient pricing across its major spot and futures markets. As exchange quality is increasingly evaluated through execution performance alongside trading volume, the results demonstrate the importance of deep liquidity, pricing stability and resilient market infrastructure in delivering a reliable trading experience.