3 ms·

Google "Wash Trading"

• mrb 9y ago
  Doesn't work in crypto markets. Taker fees are typically > 0.20%, with the notable exception of BitMex.
  • 55555 9y ago
    Those who are downvoting the parent, please explain why? He is correct. Is the assumption here that the exchanges themselves are wash trading and not charging themselves fees? Seems possible. But otherwise wash trading is very expensive due to the maker/taker fees.
  • joosters 9y ago
    There is plenty of evidence of wash trading occurring on Bitfinex and other exchanges - there are also many accusations that the exchanges themselves wash trade, to pump up their own volumes. They don't need to pay their own fees!
    • mrb 9y ago
      Taker fees are 0.1-0.2% on Bitfinex. Wash trading would be too expensive. Where is the evidence the exchange itself is doing it?
  • reefoctopus 9y ago
    Korean exchanges are 0 fee.
    • mrb 9y ago
      Koreans account only for ~7% of the 5 billion USD/day.
  • ActsJuvenile 9y ago
    Taker fees are significantly discounted for higher volume traders, because they bring smaller traders to an exchange. I know two mid-sized whales who have almost 0% rate as long as they trade certain number of BTC a month.