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 betw

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...