on CMC now biki on rank#1 and they are rank#68 on coingecko
how possible ?
Topic: List of the top 30 largest cryptocurrency exchanges in 2019 (according to coinge (Read 255 times)
October 03, 2019, 04:12:28 AM
October 03, 2019, 03:39:07 AM
No one can accurately determine whether the data provided by the platforms are accurate because they are simply not subject to independent institutions exercising some sort of regulatory authority.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
If for anything, I'm sure the volumes on exchanges like Binance, Okex, Houbi are legit. Only small small exchanges will opt for faking volumes. I remember Hotbit and CoinOne faking volumes at some points between 2018 and 2019. Coinmarketcap.com actually has a filter "Adjusted volume" . They say It reports the actual volume, different from the one reported by exchanges. I'm not sure about it though.
How can you be so sure that the volumes on this exchange are 100% legit and no small part of it are manipulated or over-exaggerated? maybe you should take a look at this article published by the Blockchain Transparency Institute on their views of the top exchange they believe are clean from wash trading or fake volume, surprisingly binance does not make the list, while okex and bibox according to them are the highest in wash trading, this is their September report and i assume its accurate.
October 02, 2019, 10:03:33 AM
No one can accurately determine whether the data provided by the platforms are accurate because they are simply not subject to independent institutions exercising some sort of regulatory authority.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
If for anything, I'm sure the volumes on exchanges like Binance, Okex, Houbi are legit. Only small small exchanges will opt for faking volumes. I remember Hotbit and CoinOne faking volumes at some points between 2018 and 2019. Coinmarketcap.com actually has a filter "Adjusted volume" . They say It reports the actual volume, different from the one reported by exchanges. I'm not sure about it though.
October 01, 2019, 05:13:42 AM
No one can accurately determine whether the data provided by the platforms are accurate because they are simply not subject to independent institutions exercising some sort of regulatory authority.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
If for anything, I'm sure the volumes on exchanges like Binance, Okex, Houbi are legit. Only small small exchanges will opt for faking volumes. I remember Hotbit and CoinOne faking volumes at some points between 2018 and 2019. Coinmarketcap.com actually has a filter "Adjusted volume" . They say It reports the actual volume, different from the one reported by exchanges. I'm not sure about it though.
September 30, 2019, 11:56:24 AM
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
Even FIAT/BTC pairs volume can be fake.
Two accounts owned by the exchange can be making faking transactions. It is a way to make a free advertisement, as many websites such as CMC will be ranking it as a high volume.
Some exchanges in Brazil did that (they broke few months later)
September 30, 2019, 10:04:28 AM
No one can accurately determine whether the data provided by the platforms are accurate because they are simply not subject to independent institutions exercising some sort of regulatory authority.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
The best we can compare is the trading volumes on platforms that fiat money pairs such as the dollar, euro, and others.
For platforms dealing with cryptocurrencies, it is difficult to determine the accuracy of volumes based on the report provided by the platform.
September 30, 2019, 05:51:25 AM
Probit
Oh, this one should be remembered by anyone who wants to run an IEO for their project. They did a lot of IEOs but many of them did not get the listing or get postponed for so long until the community beg for them to do it. Definitely an exchange to avoid if you want to do IEO.
September 30, 2019, 05:19:07 AM
What even is CointTiger? I looked at the site for a bit, and it looks like some developer got drunk and made it in 8 hours. It's definelty not something that would be a top crypto exchange, probably just washed volume.
It looks like a korean based exchange that is purely focused on IEO's, the site is littered with bad translations and has barely any English support for his western demographic. I get Binance-clone vibes of them with their layout structure with there being labs and a growth fund.It's pretty obvious that Binance did washed trading/market making, whatever bullshit term they are calling it now - the company has really gone downhill in the past year with the hacks and their new craze for IEO's. It's definitely helped popularise exchanges that have been made just for profiting of IEO's
Yobit - they've been running their own IEO's for free money
BW - pumping their own IEO's
Probit, Cointiger, Bitfinex, the list just goes on, and on...
September 30, 2019, 01:57:58 AM
It's a very biased list, probably paid advertisement since I see CoinTiger is there. Honestly, there I found the stupidest wash trading bot of all time (based on my experience). The trading was so active but won't touch even one satoshi spread from the real human market maker. Seriously, the bot activities were so obvious.
I think @roycilik need to tell his story about trading on CoinTiger
What even is CointTiger? I looked at the site for a bit, and it looks like some developer got drunk and made it in 8 hours. It's definelty not something that would be a top crypto exchange, probably just washed volume.I think @roycilik need to tell his story about trading on CoinTiger
It's a manipulation. BW, for example, do an IEO program where almost every IEO get at least 10x return. I don't know where their funds come from but pretty sure they'll sell their allocation to the market after they finished their pump.
Binance is doing that too. Take a look at the charts, and you'll see lots of IEO has a big green candle for the first 1-2 days and star to flatten and die out later.
That's crazy. I expected that to happen for a couple of the new chinese exchanges, but I never knew Binance was doing dodgy things like that.Binance is doing that too. Take a look at the charts, and you'll see lots of IEO has a big green candle for the first 1-2 days and star to flatten and die out later.
I'm pretty sure they keep something like 60-70 percent of the funds raised from the IEO and use it to fund the buybacks they do after the IEO ends (which nets investors guaranteed profits).
September 29, 2019, 11:43:36 PM
Recently there's been a lot of new Asian exchanges that are starting to pop up and do IEO's that seem to always profit... Market manipulation possibly? I don't know much about the Asian markets so I can't really make an accurate estimate.
It's a manipulation. BW, for example, do an IEO program where almost every IEO get at least 10x return. I don't know where their funds come from but pretty sure they'll sell their allocation to the market after they finished their pump.
Binance is doing that too. Take a look at the charts, and you'll see lots of IEO has a big green candle for the first 1-2 days and star to flatten and die out later.
It's a very biased list, probably paid advertisement since I see CoinTiger is there.
It's more than that when you see BKEX on top of the list. This is next-level Chinese attack.
I m wondering the same thing too. Why alot of those exchanges are based in island caiman?
Because they can run away when things go wrong. Ff they register their business in a country like the US, then their market pump fiasco won't be possible.
September 29, 2019, 10:37:57 PM
It's a very biased list, probably paid advertisement since I see CoinTiger is there. Honestly, there I found the stupidest wash trading bot of all time (based on my experience). The trading was so active but won't touch even one satoshi spread from the real human market maker. Seriously, the bot activities were so obvious.
I think @roycilik need to tell his story about trading on CoinTiger
I think @roycilik need to tell his story about trading on CoinTiger
September 28, 2019, 09:31:24 PM
If you look at https://coinmarketcap.com/rankings/exchanges/ you can see a totally different list of exchanges, by volume
1 BKEX $1.853.079.348
2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
Kucoin and Gate.io, from your list, and CoinTiger and MXC from CMC, do not have all that high volume, for sure.
We can't really trust ratings from any of these sites. Way too many unreliable factors, like faked volume, that unless we know exact internals from the exchanges (which will never happen), we will never actually know which exchange is which.1 BKEX $1.853.079.348
2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
Kucoin and Gate.io, from your list, and CoinTiger and MXC from CMC, do not have all that high volume, for sure.
Another good way would be to look at website traffic, but that isn't accurate as well (can be faked, pretty easy).
Recently there's been a lot of new Asian exchanges that are starting to pop up and do IEO's that seem to always profit... Market manipulation possibly? I don't know much about the Asian markets so I can't really make an accurate estimate.
September 28, 2019, 09:01:00 PM
I find coingecko's ranking to be relatively objective and reliable at the present.
1 Binance
2 Kraken
3 Bitfinex
4 Gate.io
5 KuCoin
6 Bittrex
7 Poloniex
8 Coinbase Pro
1 Binance
2 Kraken
3 Bitfinex
4 Gate.io
5 KuCoin
6 Bittrex
7 Poloniex
8 Coinbase Pro
in what world is kraken #2 and coinbase #8? according to the BLX, kraken's BTC/EUR and BTC/USD markets combined represent not even 70% of coinbase's BTC/USD market by volume.
gate.io at #4?
this list seems like an attempt to hype up some smaller exchanges by mixing them in among real, high volume exchanges. it doesn't look objective at all.
September 28, 2019, 04:59:55 PM
Binance isn't safe from wash trading
Yup. In fact, CZ once was the CTO of OKCoin (now known as OKex), an exchange known for its manipulation of metrics, and that from the moment they went live. CZ has all the knowledge he needs about how to make volumes look as organic as possible, which is why Binance gets away with these periodic reports about organic volumes softly.
Even for an exchange such as Binance, their current +$700 million 24 hour volume is too much on a boring saturday. I only follow exchanges such as CoinbasePro, Bitstamp and Kraken to get an idea of how active the market is. All these USDT exchanges have done nothing but signal shadiness.
As an alternative to CMC or Coingecko, Messari seems to do a better job in excluding as much nonsensical volume as possible.
September 28, 2019, 03:34:40 PM
I find coingecko's ranking to be relatively objective and reliable at the present.
1 Binance
2 Kraken
3 Bitfinex
4 Gate.io
5 KuCoin
6 Bittrex
7 Poloniex
8 Coinbase Pro
1 Binance
2 Kraken
3 Bitfinex
4 Gate.io
5 KuCoin
6 Bittrex
7 Poloniex
8 Coinbase Pro
in what world is kraken #2 and coinbase #8? according to the BLX, kraken's BTC/EUR and BTC/USD markets combined represent not even 70% of coinbase's BTC/USD market by volume.
gate.io at #4?
this list seems like an attempt to hype up some smaller exchanges by mixing them in among real, high volume exchanges. it doesn't look objective at all.
September 28, 2019, 03:19:34 PM
If you look at https://coinmarketcap.com/rankings/exchanges/ you can see a totally different list of exchanges, by volume
1 BKEX $1.853.079.348
2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
Kucoin and Gate.io, from your list, and CoinTiger and MXC from CMC, do not have all that high volume, for sure.
1 BKEX $1.853.079.348
2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
Kucoin and Gate.io, from your list, and CoinTiger and MXC from CMC, do not have all that high volume, for sure.
I m wondering the same thing too. Why alot of those exchanges are based in island caiman?
September 28, 2019, 02:48:24 PM
The subject is misleading. You base your list on coingecko without understanding that the ranking was based on their own trust score then 24h volume of exchanges while your title uses largest exchanges, by what?. If you're using the largest term, then you must base on their volume not on trust score or both, look cmc on what they have, but still it doesnt mean those are true info, most of them are manipulated.
I would suggest to add cryptobridge exchange to the selection, as am wondering why it is not in the list.
And it doesn't mean that they are best and/or one of the largest by etc. It doesn't even have much volume to begin with. 
September 28, 2019, 01:11:37 PM
Binance isn't safe from wash trading, I could find the link to the source, but it has a 10-15% rate of WT, on its volume. In OP list Huobi is listed #9 but 50% of its volume is fake If they considered this, the result would be a lot different perhaps.
Yes, it can be difficult to evaluate an accurate percentage... unless exchange platforms share their data
https://www.bti.live/exchanges/
Methodology https://www.bti.live/reports-april2019/
https://cryptoslate.com/unlawful-practices-hit-top-cryptocurrency-exchanges-including-binance/
If they considered this, the result would be a lot different perhaps.Yes, it can be difficult to evaluate an accurate percentage... unless exchange platforms share their data
https://www.bti.live/exchanges/
Methodology https://www.bti.live/reports-april2019/
https://cryptoslate.com/unlawful-practices-hit-top-cryptocurrency-exchanges-including-binance/
September 28, 2019, 12:46:38 PM
1 BKEX $1.853.079.348
2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
Binance is the only exchange on that list that can be rightfully there, the rest is pure cheat where 90-95% of the volume has been wash traded back and forth over and over again. I would avoid the rest.2 Binance $1.377.939.113
3 CoinTiger $1.321.659.103
4 MXC $1.318.079.985
5 OKEx $1.303.200.015
I believe those exchanges voluem data are mostly fake and manipulated.... there is no way to determine the real volume of all those exchanges..
It's funny how OKEx always pops up in reports when it comes to faking volumes, manipulating user data to make it seem like many users are trading there, etc. I would steer clear of this exchange.
It's not worth to get funds stuck on any of these wash trading exchanges because chances are that you buy or sell into fake (nonexistent) orders and then can't withdraw whatever coin you bought or sold.
September 28, 2019, 11:40:20 AM
I would suggest to add cryptobridge exchange to the selection, as am wondering why it is not in the list. Am really satisfied about its services and fees. May be it doesn't support all pairs in the market but it's nicely decentralized and i didn't hear complaints against it.
I would also like to note that "largest cryptocurrency exchanges in 2019" doesn't mean "Best exchanges".
I would also like to note that "largest cryptocurrency exchanges in 2019" doesn't mean "Best exchanges".
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