3 ms·
Idk about this guy’s methodology. Falls apart in the last section because Binance does not have much wash trading going on, whereas HitBTC is full of fake volum
by rajacombinator 9y ago
Idk about this guy’s methodology. Falls apart in the last section because Binance does not have much wash trading going on, whereas HitBTC is full of fake volume wash trading. It’s easy to observe the wash trading directly, if you watch the books you’ll see instantaneous matches in between the best bid/ask. Shame they decided to use this “marketing hack” rather than offer a competitive product.
(Binance wash trading has most likely been seen in their trading volume “win a Porsche” etc giveaways.)