November 9, 20261 min read0 views

Coinbase Ether (ETH) Order Book Shows $6.32 Million Bid Lead

Coinbase’s spot Ether (ETH) order book showed $14.5812 million in bids and $8.2635 million in asks, a $6.3177 million bid lead. Ether was quoted at $2,138.42 in the snapshot.

Coinbase had the thickest spot book in the comparison. Binance’s spot book also showed more buy orders than sell orders, though its buy orders were smaller than Coinbase’s. A…

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Coinbase’s spot Ether (ETH) order book showed $14.5812 million in bids and $8.2635 million in asks, a $6.3177 million bid lead. Ether was quoted at $2,138.42 in the snapshot.

Coinbase had the thickest spot book in the comparison. Binance’s spot book also showed more buy orders than sell orders, though its buy orders were smaller than Coinbase’s. A Nov. 6 Coinbase spot order-book snapshot showed a $3.56 million bid lead.

A sudden large buy or sell order could affect thinner order books first, where price moves may be more pronounced.