Weird pointed out that @okex is the number 1 exchange.
(She tried to social engineer me into tweeting positively about it)
Strange because I don't know a single soul who trades on OKEx?
(Maybe only Asians do)
had a logical explanation for it
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felt uncomfortable with "especially Asian"
why Asian exchanges need to "fake" it, Asia is the biggest market of crypto trading
or u mean originated as 's "Chinese virus" 🤣🤣 then is one of them
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I think part of what's going on is that Asia does have almost all of the fake crypto volume. It also has most of the _real_ crypto volume though, which makes the narrative..... Messy.
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🧐🧐that's interesting
must be a challenge for ur volume monitoring
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Yup! Fortunately lots of exchanges are *really* lazy about faking volume and just print impossible trades. But some aren't, and that's a huge pain. I think Phemex is a good example. Is this volume fake? IDK, probably? But not obviously!
I think this is common in any industry that 'volume can make money '
like we know influencers have fake followers, and they will fake engagements / impressions or even sales to please their client
but how to fake it is a technique 🤣
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Meh if your explanation is correctly I'm not impressed. Sure, it means you weren't faking volume, but it also means you ban anyone who tries to trade a lot on your exchange--really not a good sign for its long term growth.
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