CFTC Orders Coinbase Inc. To Pay $6.5M Penalty

Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by throwaway732578 on Friday March 19, 2021 @11:10PM (#26520512)

This happens soooo much, and is offered my most exchanges as “liquidity”. But in reality it’s washtrading.

Fake volume which creates demand from the public. It’s what all (early) stakeholders want. Crypto trading in general is such a scam, with the exception of a few of the top ones.

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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by anonymoushn on Saturday March 20, 2021 @09:42AM (#26523186)

I don't usually have big net positions but I have no trotunle getting filled for a million dollars of some shitcoin at the same price

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Re:CFTC Orders Coinbase Inc. To Pay $6.5M Penalty by jl2718 on Friday March 19, 2021 @11:36PM (#26520624)

> "liquidity"

It is cheating the numbers, but it could be moderately beneficial or terrible. If it's actually entered onto the books as liquidity for some time before being consumed, then I guess it could help eliminate slippage, although I think more likely it is matched in the way that puts the desired slippage into customer trades only.

> with the exception of a few of the top ones

like Coinbase?

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