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Coinbase/GDAX will do exactly this, and your ~$3m of trade volume per day will be <10% of their book, and a drop in the bucket compared to the global markets. Y
by dahdum 9y ago
Coinbase/GDAX will do exactly this, and your ~$3m of trade volume per day will be <10% of their book, and a drop in the bucket compared to the global markets. Your trades will be arb'd to every other exchange in seconds.
There are a ton of complaints about Coinbase support, but they cater to the largest clients like every other financial company.
- Animats 9y agoThe question is how much of that volume is the same money going back and forth. Taking sizable amounts of money out of the system is different. See 2010 flash crash".[1] There may be less real liquidity than transaction volume indicates. [1] https://en.wikipedia.org/wiki/2010_Flash_Crash https://en.wikipedia.org/wiki/2010_Flash_Crash
- dahdum 9y agoThe majority of the global volume is crypto-crypto, so I agree it's a valid concern, but the volume of fiat trades has gone way up over the past several months. For example, Coinbase added 1 million accounts in June - the vast majority by necessity are putting fiat in vs cashing out. One flash crash happened on the ETH-USD pair on GDAX like a month ago, when a large dump triggered cascading margin calls. Bitcoin has had a few of those over the years too.
- lizardhunter 9y agoThe volume on many exchanges are fake. It's pumped up using bots buying and selling among each other. Large dumping tends to go through dark pools or OTC. The real volumes are much lower.