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5) On OKEx/Huobi: yeah again not saying they're 100% perfect but anyone who actually really uses the platforms knows they have a fuck-ton of real flow. For a while OKEx was as much as 50% of all informed flow in crypto!!!!!
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...our criteria leave us with, and the fact that we do not wish to overfit and make specific claims about exchanges our criteria potentially do a poor job of categorizing. We chose .5 specifically (and not, for instance, a number closer to 0 or closer to 1) because..."