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And yet the trading volume somehow dwarfs the NYSE. Surely it is all legit.
by onlyrealcuzzo 3y ago
And yet the trading volume somehow dwarfs the NYSE. Surely it is all legit.
- JonathanBeuys 3y agoWhat type of not "legit" trading do you suspect? Coinbase has 100M customers and less than $1B daily trading volume. $10 per customer per day does not seem unusual. It is an average of less than $4000 per year.
- jfengel 3y agoThey suspect fake trades, from one person to themselves. They can pay any price because no real money changes hands, aside from commissions. The presumed goal is to make it appear as if there is high demand.