<ul><li>Binance leads centralized exchanges (CEXs) in leverage ratio as the crypto bull run approaches, according to a report by CryptoQuant.</li><li>Leverage ratio represents how much an exchange’s open interest compares to its reserve asset, and high leverage ratio increases the risk of liquidity issues in volatile market conditions.</li><li>Binance and OKX have low leverage ratios, indicating strong reserves in Bitcoin, Ethereum, and USDT relative to trading activity.</li><li>Gate.io, ByBit, and Derbit have significantly higher leverage ratios, potentially exposing them to liquidity issues in the long run.</li></ul>

Binance Leads CEXs In Leverage Ratio As Crypto Bull Run Approaches: Report

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