[06/11/2018] Binance Remains Biggest Crypto Platform, Volume of Exchanges in Kor

[Lmaooo]

Binance Remains Biggest Crypto Platform, Volume of Exchanges in Korea Surge

Blockchain Transparency Institute released the global crypto exchange rankings of November, ranking Binance at the top with a 24-hour volume of $1 billion.

With more than 160,000 24-hour web users, Binance easily surpassed OKEx, the second largest crypto exchange in the market, in terms of the number of active users, volume, mobile volume, web visitors, and API volume.

In comparison to Binance’s $1 billion daily volume and 160,000 daily users, OKEx achieved $700 million in daily volume from merely 30,000 users.

Exchanges Prey on Low Market Cap Coins
Throughout the past two years, since the rise in popularity of initial coin offering (ICO) projects, opaque listing fees and suspiciously high volumes of small market cap tokens have led to the initiation of controversial debates.

Beginning last month, as CCN reported, Binance has started to donate all of the listing fees it receives from projects to charity, partially to demonstrate the potential of crypto in transparently and efficiently financing charitable events and initiatives.

But, the Blockchain Transparency Institute team and its researchers have stated that many exchanges are still targeting low market cap coins with irresistible offers to manufacture fake volume and trading activity with the intent of increasing hype around listed coins on market data platforms like CoinMarketCap.

CCN | https://www.ccn.com/binance-remains-biggest-crypto-platform-volume-of-exchanges-in-korea-surge/

[Slow death]

Yesterday was looking at XRP volumes because of the surge and found something interesting. 3 out of 5 biggest volumes were recorded on "Bitbank" , "UpBit" and "BitHumb", 2 out of these 3 recorded bigger volumes than Binance which is the biggest exchange .

I am telling this simply because for me it seems that there is a big market manipulation going on still. And Binance being the biggest legitimate exchange out there is a good reference point to spot some potentially weird stuff.

This is not only with XRP, see the following case:

Ethereum

https://coinmarketcap.com/currencies/ethereum/#markets

binance is in position 9 with the pair ETH - USDT

and see who is in 1 position

is DOBI trade: https://www.dobitrade.com

Volume:

$295 795 099 USD  ( 45 198 BTC )

Something very strange

[hotforblockchain]

Yesterday was looking at XRP volumes because of the surge and found something interesting. 3 out of 5 biggest volumes were recorded on "Bitbank" , "UpBit" and "BitHumb", 2 out of these 3 recorded bigger volumes than Binance which is the biggest exchange .

I am telling this simply because for me it seems that there is a big market manipulation going on still. And Binance being the biggest legitimate exchange out there is a good reference point to spot some potentially weird stuff.

This is not only with XRP, see the following case:

Ethereum
https://coinmarketcap.com/currencies/ethereum/#markets
binance is in position 9 with the pair ETH - USDT
and see who is in 1 position
is DOBI trade: https://www.dobitrade.com

Thats impressing , in negative sense tough. DOBI and OEX together have 224 mil usd "volume"on ETH. Havent heard of any of those exchanges, at least CMC is excluding their prices. I dont know how CMC could battle this.

[1Referee]

Dobitrade is a volume cheater.

Look at their alexa rank; https://www.alexa.com/siteinfo/dobitrade.com

18.8% of their traffic comes from CMC, which is why they are doing the best they can to artificially inflate their volumes, and it seems to work.

Look at Binance's alexa rank and see the difference; https://www.alexa.com/siteinfo/binance.com

Only 5.7% of their traffic comes from CMC, because they have done enough to build up their brand in more respectable ways.

[Buttermellow]

Beginning last month, as CCN reported, Binance has started to donate all of the listing fees it receives from projects to charity, partially to demonstrate the potential of crypto in transparently and efficiently financing charitable events and initiatives.

As usual if a company does have a huge profit tends to donate and create a foundation. This is really the sad thing about the real world where people are too much greedy. Creating foundations to donate their profit is meant to lessen their taxes from the government. The government body concerns with this will approve since having a foundation will help a company to reduce huge taxes from government. This is the government's protocol on taxing a company with a foundation. Guess what, foundations or charity they created were just a design and had only a little amount to give for the charity. Greedy people are really greedy.

[hotforblockchain]

Dobitrade is a volume cheater.

Look at their alexa rank; https://www.alexa.com/siteinfo/dobitrade.com

18.8% of their traffic comes from CMC, which is why they are doing the best they can to artificially inflate their volumes, and it seems to work.

Look at Binance's alexa rank and see the difference; https://www.alexa.com/siteinfo/binance.com

Only 5.7% of their traffic comes from CMC, because they have done enough to build up their brand in more respectable ways.

Nice research, hope that CMC traffic is not getting involved with them
but just taking a peak and getting out of there.