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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

@realDonaldTrump

'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!

phemex.com

Contract Trading | Crypto Price Chart | Phemex

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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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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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Sure but I doubt you have 30,000 users all trying to send 10 orders/second; the ratio of ratelimits on accounts vs claimed site throughput seems off by a factor of 500 or so.

7:50 AM · Mar 19, 2020Twitter Web App

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