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Only these 10 bitcoin exchanges have a real volume, new studies reveal



A new study presented by the SEC with Bitwise Asset Management claims that 95% of the registered BTC position is fake. According to Bitwise, only 10 exchanges have an actual volume … but this is not all bad news for the Bitcoin market.


95% Bitcoin Exchange is Fake

Customs Trade Claims and Fake Toms are not nothing new. Such groups as the "Blocchain Institute for Transparency" published detailed information on this issue. But the assumption that 95% of the volume is false indicates a new high (or low) point.

True. This is Binance, Bitfinex, Kraken, Bitstamp, Coinbase, BitFlyer, Gemini, ItBit, Bittrex and Poloniex. The report excludes Korean exchanges, and Cex.io passed the test, but it was less than 1 million dollars.

Many exchanges do not even try to cover it

exchange with a suspect. When comparing two near, some exchange flicks are dazzlingly obvious.

A genuine exchange of trade between buying and selling will be random; The amounts will be large and small, with a large number of "round numbers". The volumes will fluctuate over time with longer and more quiet periods; and the spread (the difference in the price of purchase and sale) will usually be only a few cents.

On the other hand, suspicious exchanges often have deals that occur in pairs (one purchase and sale). It is very unlikely that the actual deal will take place in such a scheme. Bidding takes place in similar amounts, without very small trades, and without "round" trades, despite the superiority of people about round numbers.

Suspicious exchanges are likely to have a higher level of distribution, despite massive volumes. The volumes will remain roughly unchanged over a period of time, or may fall completely within a few hours or even days.

This smaller market is "more streamlined" for Bitcoin ETF

So Bitwise has promised us good news. But, in fact, it looks more like good news for them. Because this study was actually presented by SEC in support of Bitcoin at Bitcoin ETF. Therefore, the good news is that, despite 95% of the volume that is false:

The real market of bitcoin is much smaller, more orderly and more regulated than it is commonly understood

Well whoopee-doo! The bad news, of course, lies in the fact that now the declined exchanges know how to tailor their bots to avoid their detection.

Will this bitwise research have a positive effect on their Bitcoin ETF usage? Share your thoughts below !


Image courtesy of Shutterstock


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