This nonsense is constantly repeated.
Average 10 day volume peaked Jan 23 at about $2.8 million and, now, 6 weeks later is down 65% at about $1 million...
At the moment everything is down at crypto compared to a few weeks ago, and so the volume (in Dollar) on the exchanges. But if you compare CB with other exchanges it doing really well. Have a look at at
https://coinmarketcap.com/exchanges/volume/24-hour/ CB is always in the top 110 - 90 on the uptrend. Not bad for a young in beta DEX like CB. In my opinion CB should be at least in the top 50, when I see what horrible exchanges with kyc limits, closed registrations, crazy fees for adding new coins and questionable coin delistings are listed there
All of CBs volume is not tracked on Coin Market Cap since not all pairs are listed by CMC. Use
http://www.cryptobridgestats.com/ to see the daily volume much more than 1 million
I just completed my test run of staking 10 BCO for 30 days. I was able to get 2 payouts comprised of about 90 different coins in very small fraction portions.
When I "claimed" my own coins after the 30 day period I was charged 0.55 BCO. That is a rediculous amount.
Maybe if you staked 1000 coins it would work out. But small amounts you will be losing money.
...users and volume grow monthly, and so do the staking payouts.
This nonsense is constantly repeated.
Average 10 day volume peaked Jan 23 at about $2.8 million and, now, 6 weeks later is down 65% at about $1 million...
From my perspective as a trader there is no reason to expand trading on CryptoBridge beyond 10 minutes/day.
Also, the profits were made by traders that did NOT stake, but sold into the ridiculous pump to $200 million cap (so I'm happy)...
Seem familiar? Yes, it's almost identical to the insane STEEM Pump of mid-2016.
Polo sold for $400 million and were doing about $150 million/day...
So if Polo sold for 3x daily volume... that puts CryptoBridge value in the $3-10 million range.
Zer0Sum is still on CryptoBridge it seems. Remembered your initial FUD posts back in the early days. Unlike a lot of exchanges that engage in wash trading CryptoBridges volume is organic and will continue to grow. Lets revisit this post in the next 3 months and see where the volume lands
https://news.bitcoin.com/study-finds-3b-worth-of-faked-cryptocurrency-volumes-and-wash-trades/