Coinbase said on Tuesday that its trading conditions remained stable and played down reports of a significant drop in bitcoin order liquidity during the Securities Exchange Commission's (SEC) lawsuit against market maker Cumberland. A Coinbase spokesperson said: "In October, we did not see a significant change or decline in BTC-USD depth around 2%." Previously, Kaiko said in a report released on Monday that the 2% BTC depth on Coinbase began to decline from 18:00 UTC on October 10, falling by 46% in a few hours to 267 BTC. This decrease means that orders with a 46% decrease in order size compared to before 18:00 UTC could move the spot price by 2% in either direction.