Coinbase is now the biggest western exchange after asia...

[LiteCoinGuy]

Coinbase is the biggest western exchange after asia (no. 10) .

How long will it take for Coinbase to reach the top 5? What do you think?

[bitgeek]

Good for them. I just hope they won't turn into another Gox. BTC needs a stable well managed exchanges, that won't report a hack and disappear after a year or 2.

[Gisado]

I would like to see the original page... Can you give me the link?

[LiteCoinGuy]

@bitgeek:

you cant compare coinbase with mtgox. nothing is a 100% safe but coinbase has a very professonial team and because of that more than $120 millions in funding.
mtgox was ran by a criminal lunatic with no clue.


@Gisado

here it is:

http://exchangewar.info/#unisend

[Brooker]

Coinbase is the biggest western exchange after asia (no. 10) .

How long will it take for Coinbase to reach the top 5? What do you think?

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese? Hopefully it wont matter in the future any way as we move towards decentralized exchanges which are in the true spirit of bitcoin in my opinion.

[gentlemand]

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?

There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

[LiteCoinGuy]

maybe there are more Bots that trade BTC and this is the reason for the high volume.

[Brooker]

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?

There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?  How do they make money?

[gentlemand]

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?

There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?   How do they make money?

I think some charge a withdrawal fee. I'll guess that much of their money is made taking fresh CNY for coins that have never and will never actually exist.

[Slunt]

I think it'll climb up rapidly especially as bitcoin adoption grows in America. What I want to know is why are all the biggest exchanges Chinese?

There are lots of miners there. Also those exchanges are zero fee so they'll attract traders from all around the world. Hopefully they'll eventually become an irrelevance because none of them are to be trusted.

They're all zero fees?  How do they make money?

Maybe they're all ponzi schemes?  They might make money from adverts like faucets do. They'll surely get a lot of hits.

[CIYAM]

Maybe they're all ponzi schemes?   They might make money from adverts like faucets do. They'll surely get a lot of hits.

You'll notice that the majority of trades done on the platforms that have 0% fees are done by robots.

The owners of the exchange create their own robots that can trade faster than anyone else (by running from the same server or data center).

This is how they can "afford" to offer zero trading fees (the same sort of corruption that happens with high speed trading in stock exchanges).

[koelen3]

Personally i don't think they must go any higher , they arent that great

[Brad Pitt]

Maybe they're all ponzi schemes?   They might make money from adverts like faucets do. They'll surely get a lot of hits.

You'll notice that the majority of trades done on the platforms that have 0% fees are done by robots.

The owners of the exchange create their own robots that can trade faster than anyone else (by running from the same server or data center).

This is how they can "afford" to offer zero trading fees (the same sort of corruption that happens with high speed trading in stock exchanges).

What is the benefit to them of using bots? How do they make their money from this?

[gentlemand]

Maybe they're all ponzi schemes?   They might make money from adverts like faucets do. They'll surely get a lot of hits.

You'll notice that the majority of trades done on the platforms that have 0% fees are done by robots.

The owners of the exchange create their own robots that can trade faster than anyone else (by running from the same server or data center).

This is how they can "afford" to offer zero trading fees (the same sort of corruption that happens with high speed trading in stock exchanges).

What is the benefit to them of using bots? How do they make their money from this?

They can front run their customers and sell back to them.

[CIYAM]

They can front run their customers and sell back to them.

Yes - that is probably the main method used.

[pabitel]

It should be noted that Coinbase will start charging fees after March 30 (https://support.coinbase.com/customer/portal/articles/1826608-what-are-the-fees-for-using-coinbase-exchange-).

[CIYAM]

It should be noted that Coinbase will start charging fees after March 30 (https://support.coinbase.com/customer/portal/articles/1826608-what-are-the-fees-for-using-coinbase-exchange-).

The main asian exchanges don't charge commissions (and I don't think that is going to change any time soon).

[nioc]

Coinbase is getting that volume while only servicing 50% of the states in the US although a larger % of the population.  This is due to the current 0% fees and perceived safety.  That perceived safety is ofc due to regulation.  Those regulations are the reason some people have been kicked off of CB.  I have been lucky that my "bad" transactions happened significantly before they instituted their restrictions and I am able to use CB although I have not signed up with their exchange.

What do people think of using CB considering the regulations they abide by?

[avatar_kiyoshi]

Wow its good for coinbase, I'm not really hope will reach top 5.
My fav alt exchanger in 27 lol
Chine exchanger dominate

Can you give me a link of this sites ?? i like to see the original page 
Coinbase will reach top 5 in 1 years trust me 

http://exchangewar.info/#unisend

[LiteCoinGuy]

maybe coinbase will change their plan and charge no fees in 2015? maybe