Coinbase has refuted a report claiming that the liquidity for Bitcoin (BTC) on its exchange dropped significantly following the indictment of Cumberland DRW by the U.S. Securities and Exchange Commission (SEC). Kaiko, a crypto research firm, reported that Coinbase's BTC 2% Market Depth, which measures the total amount of buy and sell orders within 2% of the market price, had plummeted by 46% within hours of the SEC's announcement on October 11. However, Coinbase disputes this claim, stating that its BTC 2% Market Depth has remained relatively stable throughout October and has not experienced a material change. This discrepancy between Kaiko's report and Coinbase's assessment highlights the importance of verifying information and relying on reputable sources when making investment decisions. It is essential to note that the SEC's charges against Cumberland DRW do not directly implicate Coinbase and should not be taken as an indication of any wrongdoing on the exchange's part.

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