0 fees = fake volume has been one of the most consistent historical facts in crypto
Conversation
yup that was it
Quote Tweet
Speedy response to issues.
Binance to Exclude 13 BTC Spot Pairs in Trading Volume Calculations | Binance Support
VIP tiering adjustment will come soon. binance.com/en/support/ann
113
37
342
Replying to
the larger issue though that I think pointed out is that it puts data collection/aggregator type firms ie & in tough positions in trying to quantify trade data against exchanges with fees, are they going to exclude data now ?
5
13
yeah totes agree
currently trying to figure out what to do with ftx.com/volume-monitor, will prob have to exclude the BTC markets
I see what you're saying, so if there are zero fees and people are doing a bunch of wash training back and forth trying to create a bunch of fake volume. 🧐 Hmm
2
7
it also skews basically every volume based indicator -- we have all seen this before a la the chinese CNY trading zero fee days
1
7
Show replies
Do an estimate based on previous data if you want peace of mind. If you instead want to spice things up then cut the whole thing out
1
1
Show more replies