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Coinbase is now the biggest western exchange after asia...
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Topic: Coinbase is now the biggest western exchange after asia... (Read 2405 times)
uvt9
Sr. Member
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Activity: 300
Merit: 250
Re: Coinbase is now the biggest western exchange after asia...
February 28, 2015, 08:36:15 PM
#21
I have never heard about #3, #4, #5 and #8, #9. How the hell these chinese exchanges got so much volume ? I know they have no fee but ridiculously high volume cannot be justified by this reason.
D05GTO
Sr. Member
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Re: Coinbase is now the biggest western exchange after asia...
February 28, 2015, 08:41:45 PM
#22
Sure you can. Just swap 10 btc back and forth a million times. Boom.. giant volume for doing nothing but passing the same few btc to themselves.
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PolarPoint
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Re: Coinbase is now the biggest western exchange after asia...
February 28, 2015, 09:03:38 PM
#23
Quote from: seriouscoin on February 28, 2015, 07:18:40 PM
All those chinese exchanges are faking their volume ... aka buy and sell to themselves....
Agree. They have 5 exchanges with volumes at multiples of coinbase, it is ridiculous. I like to see their real volume if they increase fees to 0.1%.
MilesJohan
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Re: Coinbase is now the biggest western exchange after asia...
February 28, 2015, 10:49:36 PM
#24
Quote from: LiteCoinGuy on February 28, 2015, 06:53:21 PM
maybe coinbase will change their plan and charge no fees in 2015? maybe
I doubt that will happen. Even they need money to run their business.
MileyJohanson
1Referee
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Re: Coinbase is now the biggest western exchange after asia...
February 28, 2015, 11:26:53 PM
#25
Chinese exchanges are on steroids. Man, what is up with their volume?
I know they don't charge anything for trading but it looks quite surreal.
bitgeek
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Re: Coinbase is now the biggest western exchange after asia...
March 01, 2015, 12:40:34 AM
#26
Quote from: 1Referee on February 28, 2015, 11:26:53 PM
Chinese exchanges are on steroids. Man, what is up with their volume?
I know they don't charge anything for trading but it looks quite surreal.
They were already accused of faking it.
http://www.coindesk.com/reality-chinese-trading-volumes/
Even if some of the exchanges are doing it China has a significant lead and most of the volume is real. A lot of trades in there.
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tss
Hero Member
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Activity: 742
Merit: 500
⇾
Re: Coinbase is now the biggest western exchange after asia...
March 01, 2015, 06:29:06 AM
#27
robots, price manipulation, selling to the people coins that dont exist and buying them back for lower prices. all these things will be cleared up with time.
justmyname
Sr. Member
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Activity: 389
Merit: 250
Re: Coinbase is now the biggest western exchange after asia...
March 01, 2015, 06:48:40 PM
#28
Coinbase charges me about $10 extra every time I buy Bitcoins. The Banks get something also. So no, I don't think they are doing me any favors and should raise fees.
girb16
Newbie
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Activity: 36
Merit: 0
Re: Coinbase is now the biggest western exchange after asia...
March 01, 2015, 07:28:59 PM
#29
Perhaps that is why Coinbase is doing so well these days. They are charging an arm and a leg.
LiteCoinGuy
(OP)
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Merit: 1014
In Satoshi I Trust
Re: Coinbase is now the biggest western exchange after asia...
March 04, 2015, 06:21:57 PM
#30
Quote from: MilesJohan on February 28, 2015, 10:49:36 PM
Quote from: LiteCoinGuy on February 28, 2015, 06:53:21 PM
maybe coinbase will change their plan and charge no fees in 2015? maybe
I doubt that will happen. Even they need money to run their business.
you can make money with extra / premium services or advertising as well.
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