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Besides, I have heard many people doubt the volume numbers published by binance. Either claiming binance inflates the numbers, or binance allows wash trading wh

• andy_ppp 4y ago
  Isn’t this quit difficult to do? Surely trades almost perfectly map to profits?
  • vgatherps 4y ago
    I don't think Binance's books are public so you can't see. If you mean that I can't a fake a trade with a third party, then yes, that's true - all fake volume has to be done between parties that are in on it. Otherwise the scheme falls apart when the third party tries to withdraw/realise gains/exercise/whatever. There's a caveat here which is that quite a few spot markets on Binance are zero fee, so someone can theoretically trade with themselves back and forth to pump volume. I think quite a few third party volume trackers stopped tracking those markets and binance also stopped counting those markets for fee tiers for this reason.
  • Scoundreller 4y ago
    Not if you rebate back to yourself the fees from your own trading.