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CEX: The SEC's lawsuit against Cumberland has not affected the BTCLiquidity of the exchange.
[CEX: SEC's lawsuit against Cumberland has not affected the exchange's BTC Liquidity] CEX stated on Tuesday that its trading conditions remained stable, downplaying reports of a significant decrease in BTC order Liquidity during the Securities and Exchange Commission (SEC)'s lawsuit against market maker Cumberland. A spokesperson for CEX said, "In October, we did not see a significant change or decrease in BTC-USD Depth at around 2%." Earlier, Kaiko stated in a report released on Monday that the BTCDepth on CEX decreased by 2% from 18:00 UTC on October 10th, and dropped by 46% to 267 BTC within a few hours. This decline means that a decrease of 46% in order size compared to before 18:00 UTC could cause the Spot price to move 2% in either direction.