[2016-06-02] Huobi Overtakes Bitfinex Again As Primary USD/BTC Exchange

[jdebunt]

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/

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[1Referee]

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]

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?

[TraderTimm]

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.

[Carlton Banks]

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.