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where on earth are you seeing coinbase doing $210 billion daily volume? Coinbase has only done 94 billion of volume for the month of February so far monthly vo
by cdiddy2 6y ago
where on earth are you seeing coinbase doing $210 billion daily volume? Coinbase has only done 94 billion of volume for the month of February so far
monthly volumes by exchange: https://www.theblockcrypto.com/data/crypto-markets/spot/cryptocurrency-exchange-volume-monthly https://www.theblockcrypto.com/data/crypto-markets/spot/cryp...
- cwhiz 6y agoI didn't say Coinbase was doing $210 billion 24h volume. I said Coinbase is reporting that Tether had $210 billion 24h volume. It's right there on the Coinbase tether page. https://www.coinbase.com/price/tether https://www.coinbase.com/price/tether
- cdiddy2 6y agoya that is wrong. not sure where coinbase is getting their data from. keep in mind the total crypto market cap is 1.5 triilion. so tether alone doing 200b is an absurd statement. Total daily volume across all exchanges is only just getting to 50b these days
- cwhiz 6y ago“Every exchange and crypto market reporting Tether volume is wrong.” Some person on the internet, with no source to back the claim.
- cdiddy2 6y agoI posted my source 3 comments up.
- eightysixfour 6y agoWhy would we trust that source over the exchange themselves?
- cdiddy2 6y agoMy other comment here was useful with other sources showing that exchanges do fake data. https://medium.com/@nic__carter/assessing-bitcoins-liquidity-with-coinlib-data-is-indefensible-3e5fdad51646 https://medium.com/@nic__carter/assessing-bitcoins-liquidity... https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...
- deleted 6y ago[deleted]
- eightysixfour 6y agoThe second source uses Coinbase as the standard for accuracy and compares another exchange to it...
- cdiddy2 6y agoYes because Coinbase is a legit exchange. It also doesnt use Tether. That doesnt mean that their data on Tether volumes is correct.
- cdiddy2 6y agoThis isn't directly related, but you may find these interesting. Fake volume related to a recent Tether piece in the WSJ: https://medium.com/@nic__carter/assessing-bitcoins-liquidity-with-coinlib-data-is-indefensible-3e5fdad51646 https://medium.com/@nic__carter/assessing-bitcoins-liquidity... Bitwise presentation to the SEC regarding fake volume among exchanges: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca201901-5164833-183434.pdf https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...