Kraken leads MiCA-regulated crypto exchanges in liquidity, according to DefiLlama’s MiCA exchange dashboard. The data cited by Wu Blockchain showed Kraken with $399.71 million in spot liquidity and $206.90 million in perpetual liquidity, placing it first in both categories.
Summary
- Kraken leads MiCA exchanges in liquidity, giving larger traders deeper order books across regulated European markets.
- Coinbase remains the closest rival, but DefiLlama data shows Kraken ahead across core liquidity metrics.
- MiCA licensing has changed Europe’s exchange race, making liquidity and market coverage key user factors.
DefiLlama’s live MiCA-regulated exchanges dashboard…
