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!
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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.
For context, if someone tries to trade a lot on FTX, our response is "Awesome! What can we do to help make your FTX trading experience as good as possible?"
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Eh something's wrong here. You brag on your website about being able to handle "300,000 transactions per second" and then ban anyone who tries to send 10 requests per second. What exactly do you mean by a "transaction"?
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What would be the purpose of banning someone who trades a lot? The business of the exchange is just about transaction fees. The more trades, the more money from fees. I know who you are and respect you, but in this case sorry to say your claim has not much sense.