kraken is normally probably twice what it was, this is a low liquidity period in the market. But if we get an extended bear market in the 2000s in 2020, than you can kiss the liquidity goodbye. The fees on coinbase are so astronomical and im not sure the volume tier matters. Whearas on kraken it is achievable for  a normal profesional trader, it only takes a week maybe to get the fees down to .05 instead of .26 x2 or god forbid the full 1% on coinbae. I mean coinbase is 1% roundtrip, that is not a exchange for traders period, by definition. Regulators stranded americans on low liquidity exchanges. We need asian exchange that is where all the volume is at, Asia.

There's good reason to believe anon derivative exchange are coming to an end. Rumors about bitmex enforcing kyc. im sure bybit will follow, pretty sure deribit will force it in january, here now.