6 ms·

This doesn't make sense. Their exchanges are open to view live, you can literally see the books and the available liquidity.

by beaner 6y ago

slickrick216 6y ago
I didn’t think this was possible with standard coinbase. Maybe with coinbase pro you can see the order book but that could in theory be manipulated. If there’s something that easily disproved it I would be interested to see if yo don’t mind sharing.
- tofuahdude 6y ago
  How could their order book be manipulated?
  - discodave 6y ago
    They're unregulated, so the answer is "in any way they like".
    - hungryforcodes 6y ago
      You didn’t really answer his question though.
      - athriren 6y ago
        it depends on if the how is functional or espistmelogical.
    - hnracer 6y ago
      They can't remove real liquidity because then the individual posting an order will realize. They can't add fake liquidity because then the individual who attempts to lift the ghost order will realize. So how can they do this without getting caught (and they haven't been caught - firms like Alameda are watching closely)? This sounds like one of those things that's easy to just exclaim but is lacking a mapping to anything specific
      - 3np 6y ago
        > They can't add fake liquidity because then the individual who attempts to lift the ghost order will realize. ...Unless there's magically someone filling it just before they do (i.e. frontrun by an internal bot) every time they try. I have observed exchanges doing this. I don't believe that Coinbase is one of them, though, as others have pointed out with their positioning they are better of not to.
        hnracer 6y ago
        FTX does a lot of digging into this I think CB are one of the legit ones
      - discodave 6y ago
        Trying to tie it to real liquidity is a strawman. They don't need to manipulate the order book for USD/BTC conversions. They can manipulate options, trades between different crypto currencies, futures and the like. Here's an article about spoofing and market manipulation of real money in regulated excanges: https://ankura.com/insights/spoofing-market-manipulation-and-the-limit-order-book/ https://ankura.com/insights/spoofing-market-manipulation-and... This quote from the above article, does not apply to crypto exchanges so far as I know: "Rules govern how trading is done. Laws prohibit manipulative trading practices on both securities and futures exchanges." "To date, no cryptocurrency exchange has registered with the SEC" from https://medium.com/semadaresearch/should-cryptocurrency-exchanges-register-with-the-sec-bbc087d45177 https://medium.com/semadaresearch/should-cryptocurrency-exch...
- beaner 6y ago
  https://www.bitcointradevolume.com/ https://www.bitcointradevolume.com/

This doesn't make sense. Their exchanges are open to view live, you can literally see the books and the available liquidity.

by beaner 6y ago

This doesn't make sense. Their exchanges are open to view live, you can literally see the books and the available liquidity.

slickrick216 6y ago

I didn’t think this was possible with standard coinbase. Maybe with coinbase pro you can see the order book but that could in theory be manipulated. If there’s something that easily disproved it I would be interested to see if yo don’t mind sharing.

tofuahdude 6y ago
How could their order book be manipulated?
- discodave 6y ago
  They're unregulated, so the answer is "in any way they like".
  - hungryforcodes 6y ago
    You didn’t really answer his question though.
    - athriren 6y ago
      it depends on if the how is functional or espistmelogical.
  - hnracer 6y ago
    They can't remove real liquidity because then the individual posting an order will realize. They can't add fake liquidity because then the individual who attempts to lift the ghost order will realize. So how can they do this without getting caught (and they haven't been caught - firms like Alameda are watching closely)? This sounds like one of those things that's easy to just exclaim but is lacking a mapping to anything specific
    - 3np 6y ago
      > They can't add fake liquidity because then the individual who attempts to lift the ghost order will realize. ...Unless there's magically someone filling it just before they do (i.e. frontrun by an internal bot) every time they try. I have observed exchanges doing this. I don't believe that Coinbase is one of them, though, as others have pointed out with their positioning they are better of not to.
      - hnracer 6y ago
        FTX does a lot of digging into this I think CB are one of the legit ones
    - discodave 6y ago
      Trying to tie it to real liquidity is a strawman. They don't need to manipulate the order book for USD/BTC conversions. They can manipulate options, trades between different crypto currencies, futures and the like. Here's an article about spoofing and market manipulation of real money in regulated excanges: https://ankura.com/insights/spoofing-market-manipulation-and-the-limit-order-book/ https://ankura.com/insights/spoofing-market-manipulation-and... This quote from the above article, does not apply to crypto exchanges so far as I know: "Rules govern how trading is done. Laws prohibit manipulative trading practices on both securities and futures exchanges." "To date, no cryptocurrency exchange has registered with the SEC" from https://medium.com/semadaresearch/should-cryptocurrency-exchanges-register-with-the-sec-bbc087d45177 https://medium.com/semadaresearch/should-cryptocurrency-exch...
beaner 6y ago
https://www.bitcointradevolume.com/ https://www.bitcointradevolume.com/