BTC-Alpha Those platforms are so blatantly faking their volumes that they do not even deserve running numbers: just go and have a look for yourself. It is an absolute disgrace that CoinMarketCap and LiveCoinWatch should list these scamholes alongside sometimes struggling legit exchanges. They are directly rewarding users with their own issued tokens for generating transactions, something critics call a backdoor ICO ripe for manipulation. Precisely because the market is not regulated the responsibility behooves the market actors themselves. Conclusion By my reckoning, over 3 billion dollars of daily volume is nonexistent. Apparently invented by, fcoin, a platform recently founded by former Huobi CTO Zhang Jian, the transaction fee mining model is meant to help clients offset trading costs by handing them exchange tokens. I have only gathered one 24h averaged sample and did not bother controlling for variance. When I set out to datamine for this piece, I had no idea I would end up talking about fake volume. YoBit transaction volume over past week. I am no academic or stats buff, but it does look like most of the results should be rather robust.
In this regard, less experienced traders and retail investors can hardly have the upper hand in the trading competition with those crypto whales, especially the exchange whale. Over this threshold, the only reasonable assumption is that the expected volume is most likely under. Its easy to make light of something like this but we shouldnt, especially at a time when cryptocurrency adoption is supposedly more crucial than ever. Some of the inspected exchanges may offer their users to hide their limit orders.
It is high time we proved. Binance results are however more intriguing: Binance data, and predicted volume discrepancy A 70 difference with our mathematical prediction is worrying. Compare OKex claimed volume numbers vs estimated volume numbers as predicted by our model. The unfortunate part is the whole thing seems to be working. Cryptocurrency exchange YoBit is going to perform a pump scheme on random coins, according to an Oct. The state of the Bitcoin Cash legitimate work at home jobs in arizona Markets, on the day of its latest pump By displaying mostly artificial volumes, these currencies look more appealing to traders, as they seem to garner much more attention than they actually do (volume is a good antidote to volatility). Also, keep up with your holdings, BCH and other coins, on our market charts. But where I had expected mild differences between currencies, I found ridiculously massive discrepancies between exchanges. Higher fees mean market makers have less incentive to outbid themselves and reduce spreads. But it serves to remember that the input of the model is slippage in a given trading pair, which is not entirely endogenous to sheer volume. Different consumer-bases may behave differently across different exchanges, although from my personal algo-trading experience, that tends to be anecdotal at best.
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