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"Typical trading volumes across the major exchanges are only about $2 billion globally" Sounds like they could just sell ~$20M everyday, which would account fo
by whack 9y ago
"Typical trading volumes across the major exchanges are only about $2 billion globally"
Sounds like they could just sell ~$20M everyday, which would account for only 1% of the daily trading volume. After ~50 days, they would have cashed out $1B.
- ThrustVectoring 9y agoThat depends on how much of the daily trading volume is wash trading. Bitfinex can just decide to give a couple accounts a pile of USDT on margin and self-trade to stir up a sense of FOMO and convince folks to buy in. It's pretty much free to do if you run the exchange.