The crypto market is a piddly weakling at present. There are many, many more vested interests in stocks and forex so it could be argued that those markets are less organic than something that collapses in a few minutes on the basis of raw panic, but either way crypto is still a minnow.
Perhaps. But, arguably, the traditional markets have a much greater dependency on HFT. I'm still curious what will happen with everyone's preconceived notions about the importance of liquidity when a government somewhere inevitably implements one of those "Robin Hood Tax" systems that make them pay per trade. That way, rather than spamming thousands of trades per second to target a desired price, they'll be forced to wait until the genuine price they want to buy or sell at. I'm sure it'll have a profound effect on market rigging, price discovery and overall trade volumes in general.
And, since crypto generally doesn't play by the rules, it's unlikely exchanges would be in any hurry to implement such a tax, if ever. Perhaps that would tempt some of the traditional traders to head on over to our side and bump up the numbers a little, heh.
