Understanding Bogus USD Crypto-currency ‘Volume’: Why you should disregard FakeUSD™ Prices and Volume.

Bitfinex’ed
Feb 18, 2018 · 5 min read
It’s all about the Benjamin’s.

The majority of exchanges, and trading, is not done in US Dollars

$2.1 billion in volume, on an exchange with no dollars. It’s magic!

You cannot treat Crypto/Crypto as “US Dollar” volume or US Dollar liquidity

If you want to price things in US Dollars… you need a US Dollar pair for it

Bitfinex’ed

Written by

Blog for @Bitfinexed on Twitter. Exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether

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