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1  Economy / Exchanges / Re: BTCC exchange, discussion, reviews, opinion on: September 19, 2023, 01:44:58 AM
I would like to warn you guys about this exchange. Unlike any other perpetual swap exchange they manipulate funding rates and change them a few seconds before funding settlement which will make you pay a lot of in funding fees. Funding changes from -2% to 2% in a few seconds, you can see it on the platform.

This is not even an exchange. It's just a broker. You cannot place orders in orderbook and make any liquidity. There are no real trades against other traders here.

Additionally, they manipulate the spreads, I witnessed over 5% (!!!) spread on PERPUSDT there, while it was no more than 0.5% a few hours later.

It might be looking good for you at the first gaze, but be careful!
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