Jesus fuck the market is never gonna go anywhere with shit like this taking place.
BTC GOES UP THIS GUY MAKES MILLIONS
Logan Phillips
Anthony Martin
>THIS GUY
THIS NIGGER ftfy
Leo Phillips
Why is he making a duck face?
Luke Nelson
Binance charges 0.001 per transactions
total daily volume is $1,295,838,797
Thats a gross revenue of 1.3 million per day regardless of the market moves up or down in any coin
So the article doesn't make much sense.
Exchanges are making a fucking ton of money and they don't have to manipulate shit
Samuel Martinez
until you find out binance wash traded 1b of that volume and they actually get the same volume as gemini or kraken
Juan Jackson
like when they gave away race cars to whichever gook could wash trade the most tron in a week.
Logan Watson
that shit was literally insane hahaha
Dylan Lee
so maybe those tokens that all had 1k+ btc volume for two months were part of another wash trading contest for...?
Zachary Rogers
Ian Gutierrez
All of the exchanges wash trade because the total crypto market cap in real fiat is maybe 100 million USD...If we are lucky.
They not only wash trade but the small exchanges will actually offer money to whales for wash trading their shittokens( personal experience, I'm not the whale though) to get on CMC(because to get on CMC you have to reach a certain volume when you are running an exchange. Then, when they are bigger, they realize that it's easier to let the whales do what they do and pay them a small fee than try to fight the lack of liquidity on their own.
The older exchanges started a little different but were wash trading from the very beginning, so they "matured" into having their own people wash trade, so they don't have to rely on strangers.
And that's how total market cap is over 300bn when in reality maybe 100 million is invested in fiat value.