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Comment by cwhiz | Hacker News Reader

Ha. The exchange reporting the highest volume is... Bitfinex. I believe you that Bitfinex would lie.

Coinbase is reporting $210 billion daily volume.

Is every market lying? Or are you just personally wrong?

where on earth are you seeing coinbase doing $210 billion daily volume? Coinbase has only done 94 billion of volume for the month of February so far

monthly volumes by exchange: https://www.theblockcrypto.com/data/crypto-markets/spot/cryp...

I didn't say Coinbase was doing $210 billion 24h volume. I said Coinbase is reporting that Tether had $210 billion 24h volume. It's right there on the Coinbase tether page.

https://www.coinbase.com/price/tether

ya that is wrong. not sure where coinbase is getting their data from.

keep in mind the total crypto market cap is 1.5 triilion. so tether alone doing 200b is an absurd statement. Total daily volume across all exchanges is only just getting to 50b these days

“Every exchange and crypto market reporting Tether volume is wrong.”

Some person on the internet, with no source to back the claim.

I posted my source 3 comments up.

Why would we trust that source over the exchange themselves?

My other comment here was useful with other sources showing that exchanges do fake data.

https://medium.com/@nic__carter/assessing-bitcoins-liquidity...

https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...

The second source uses Coinbase as the standard for accuracy and compares another exchange to it...

Yes because Coinbase is a legit exchange. It also doesnt use Tether. That doesnt mean that their data on Tether volumes is correct.

This isn't directly related, but you may find these interesting.

Fake volume related to a recent Tether piece in the WSJ: https://medium.com/@nic__carter/assessing-bitcoins-liquidity...

Bitwise presentation to the SEC regarding fake volume among exchanges: https://www.sec.gov/comments/sr-nysearca-2019-01/srnysearca2...

But Coinbase doesn't trade Tether. What is the point you are trying make here?

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