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> Assuming there's a way to verify every trade reported by BTC-e on the blockchain There is no way to verify the veracity of trades on any of these exchanges.
by tyrfing 12y ago
> Assuming there's a way to verify every trade reported by BTC-e on the blockchain
There is no way to verify the veracity of trades on any of these exchanges. The only part that touches the blockchain is deposits and withdrawals, and those are extremely hard to track.
I agree that including BTC-e on that list is a very odd decision, considering they have excluded OKCoin, Huobi, and other Chinese exchanges which make up the lion's share of the market (even ignoring the wash trading).
BTC-e has a reputation of being something akin to Liberty Reserve, in that they exist primarily to enable drug dealers, thieves, and anyone else with dirty money to obtain fiat no questions asked.