Bitcoin Forum
December 07, 2019, 11:07:44 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-06-02] Huobi Overtakes Bitfinex Again As Primary USD/BTC Exchange  (Read 292 times)
jdebunt
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000


View Profile WWW
June 02, 2016, 07:22:48 AM
 #1

Huobi has overtaken Bitfinex as the leading USD exchange for Bitcoin trading in the past 24 hours. At the time of writing, the company was responsible for more than one in three trades on the BTC/USD trading market. Bitfinex, on the other hand, only completed one in four trades in this segment.

http://themerkle.com/huobi-overtakes-bitfinex-again-as-primary-usdbtc-exchange/
1575716864
Hero Member
*
Offline Offline

Posts: 1575716864

View Profile Personal Message (Offline)

Ignore
1575716864
Reply with quote  #2

1575716864
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1575716864
Hero Member
*
Offline Offline

Posts: 1575716864

View Profile Personal Message (Offline)

Ignore
1575716864
Reply with quote  #2

1575716864
Report to moderator
1575716864
Hero Member
*
Offline Offline

Posts: 1575716864

View Profile Personal Message (Offline)

Ignore
1575716864
Reply with quote  #2

1575716864
Report to moderator
1575716864
Hero Member
*
Offline Offline

Posts: 1575716864

View Profile Personal Message (Offline)

Ignore
1575716864
Reply with quote  #2

1575716864
Report to moderator
1Referee
Legendary
*
Offline Offline

Activity: 2086
Merit: 1381

Segwit please.


View Profile
June 02, 2016, 08:28:58 AM
 #2

Huobi is champion in faking volumes. Bitfinex is faking volumes as well, but on a much smaller scale. I always take prices from from Huobi and OKCoin with a pinch of salt.

jdebunt
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000


View Profile WWW
June 02, 2016, 10:45:29 AM
 #3

Huobi is champion in faking volumes. Bitfinex is faking volumes as well, but on a much smaller scale. I always take prices from from Huobi and OKCoin with a pinch of salt.

Would you happen to have a reliable source for faked volumes? Smiley
TraderTimm
Legendary
*
Offline Offline

Activity: 2394
Merit: 1066



View Profile
June 02, 2016, 04:12:32 PM
 #4

The chinese fake volume on principle. In their view, it is a legitimate way to attract business. Bobby Lee of BTCC called them out not long ago, but nobody listens I guess. Its even more pronounced over our last dead-as-hell period in the 420's. During that period, everyone's volumes were down except Huobi and OkCoin, who spoof the hell out of their tape using bots ping-ponging trades to each other on their respective exchanges.

Anyone who believes Chinese exchange volume numbers needs their head examined, its been the biggest "secret" non-secret out there that they are faking it until they "make" it. Bitfinex has more accurate reporting, but I'm not going to believe they aren't doing it either, just probably at a smaller rate as not to be completely obvious.

fortitudinem multis - catenum regit omnia
Carlton Banks
Legendary
*
Offline Offline

Activity: 2576
Merit: 2113



View Profile
June 02, 2016, 05:02:49 PM
 #5

In the future, all it will take is for just one exchange to begin running their own Lightning hub for trading/funding. Then all trade volume though that exchange is publicly provable, and the others will feel the pressure to attain the same credibility.

Vires in numeris
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!