Exchange News2026.02.12
Spot depth improves across major venues as BTC spreads narrow to 0.02%
After market-maker incentive changes, average spreads on major bitcoin pairs hit a one-year low.
Several leading exchanges revised maker rebate structures in late January, and the effect shows up directly in top-of-book depth.
For retail traders that means lower effective costs on small and mid-sized market orders, though thin pairs still vary widely.
