Trade volume growth

#1

Has anyone been keeping tabs on the volume traded?
Currently, we’re over 12 Million US in the last 24 hours. Is this new interest all from the new exchange that was added recently?

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#2

yes. it’s from Huobi but on one pair only, etn/eth i.e. not on etn/btc

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#3

Its most likely wash trading because of the comperition on Huobi. Real volume is smaller…

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#4

I don’t know what is wash trading…

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#5

Its like selling to yourself…sell-buy…

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#6

aaa ok .https://en.m.wikipedia.org/wiki/Wash_trade

but I guess Huobi can see this and exclude washtraders from the ongoing competition. or Huobi doesn’t care as it gets the trading fees twice?

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#7

Dont know…it could be a problem if they are buying-selling friend to friend…hm…

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#8

if friends are involved then the winning should be shared in secret

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#9

really dont know…this is what i managed to catch from guys talking in Moonwalk club…it may be false statement :slight_smile:

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#10

@KarEnTam Also they could be painting the tape. https://www.investopedia.com/terms/p/paintingthetape.asp

This increases volume and the amount traded at the same time with a dual purpose

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#11

24h Volume is at 12.7M right now. Surely the contest on Huobi to win 5.7M ETN
But selling-buying to yourself costs you fees each transaction.

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