Looking at BTC stats for the day shows the top 15 exchanges by volume are: ChainX, CoinSuper, RightBTC, P2PB2B, BitZ, IDAX, BKEX, BiKi, Coineal, MXC, Dcoin, CoinBene, Bitforex, and LBank
https://coinmarketcap.com/currencies/bitcoin/#markets
Maybe I'm old fashioned, but I haven't even heard of any of these exchanges? HitBTC at 17 and Binance at 20 are exchanges that I do know, but don't use. Sites like Coinbase only account for 0.2% of trading volume, All of these unknown exchanges are pumping massive Tether BTC/USDT volume, which looks super dodgy to me. I'm not an expert on centralized exchanges, but my gut is telling me: "Tether pumping has been relegated to shitty 3rd-tier exchanges that are staying a few steps ahead of government regulators and researchers".
I could be wrong. If I'm right, the Tether collapse could come sooner than expected.
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from Bitcoin - The Internet of Money https://ift.tt/2Ndc40S
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