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I'm a newbie to the world of crypto currencies. What concerned me more is the bit about "wash trades". I can accept the spread, but there is truth in the articl
by fellellor 9y ago
I'm a newbie to the world of crypto currencies. What concerned me more is the bit about "wash trades". I can accept the spread, but there is truth in the article when it comes to trading practices that probably would be largely mitigated in the presence of a regulator.
- justboxing 9y agoYeah, I would be concerned about 'wash trading' too. And the Crypto trading space seems like the Wild West in int 1880s in how some crypto trading sites and exchanges are screening for this kind of illegal activities while others aren't. > PSA: The Bitfinex trade engine ALLOWS for WASH TRADING > The trade engine on Bitfinex will allow you to buy and sell to your own orders, the procedures to do it are as follows (which will likely be ‘fixed’, or partially fixed after this post…) Source: Wash Trading Bitcoin: How Bitfinex benefits from fraudulent trading => https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitfinex-benefits-from-fraudulent-trading-8bd66be73215 https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitf...