No matter whether you believe, the research of the orgnaization shows as a result, bit money trades the dimensions of the market may be far what imagine without us is so big.
This week, bitwise Asset Management of company of management of bit money capital fund trades to 81 bit money place March among them inside 4 days trade the activity undertook an analysis, study the result makes clear, the bit money of the majority trades the quantity is probable create artificially by bourse.
Bitwise submits their research report to American negotiable securities to trade committee (SEC) , the report shows, the bit money of 95% trades is by a few do not suffer superintendency bourse to pass " camera bellows is operated " be finished, and the true and significant bit money on the market trades dimensions, 5% what hold statistical data only.
The data of Bitwise shows, in getting superintendency before 5 big exchange, day of rank first CoinBene trades the forehead reachs 471 million dollar, day of the OEX after close therewith, BW.com, BitForex trades the forehead all fluctuates in 300 million dollar; Meanwhile, in the before 5 big exchange that are superintended, day trades the Binance with the largest specified number also is not worth 100 million dollar merely.
The report shows at the same time, in exchange of 81 bit money, only 10 reported its trade truely quantity, among them the bourse that majority superintends to get, and the exchange data of the others is full more or less mix into has moisture content. Although statistical data shows the clinch a dealing with bit daily money,dimensions reachs 6 billion dollar, but from " dehydration " in light of data, bit money is daily trade actually the quantity is 273 million dollar only.
Bourse needs to operate artificially bit money trades quantity, inevitable lucrative drives backside. Bitwise analysis says, bourse is in to can promote its the rank on the information website such as CoinMarketCap, attract more clients thereby, built the false appearance that the market flourishs artificially, make the client thinks the deepness of bit currency market is big by accident, liquidity is strong.
The bourse on CoinMarketCap website is ranked
Come so, bourse can attract negotiant of more bit money not only, in the meantime, more sends money first (ICO) the company also is met " be attracted " .
Bitwise adduce a bourse operates trading typical case: The day that the Coinbase of bit money exchange that executes standardization management reports trades the quantity is 27 million dollar about, the price difference of buyers and sellers is 1 cent about, what form tremendous contrast to it is, coinBene trades 18 times what the quantity is Coinbase, but in the market with so huge dimensions, transaction value difference is as high as 300 dollars fully however!
See a scandal that be like is bit currency market, but to partial person, this also is a significant opportunity at the same time. Bitwise purpose that submits research report to SEC just do not disclose bit money to trade " data makes a holiday " case, its another purpose depends on those who advance bit money ETF founding.
Regard an asset management as the company, bitwise plans to roll out bit money ETF all the time, but express to refuse to this since SEC is long-term, because its suspect bit money ETF,will make investor is faced with operate with the market false.
This second, the real market dimensions that Bitwise hopes to show bit money through this file is far the anticipation that is less than SEC, the chaos of bit currency market that SEC place worries is resembled and also do not have namely so serious, contrary is, the bourse that is superintended can be helped build more orderly, transparent market.
According to whole world of AsiaTimes cite Bitwise research is in charge of Matthew Hougan to say: "People looks at the wave motion that adds close money to say this market is very disorderly, because they are studying the data via factitious operation. When purify after these insignificant noise, bit currency market is actually efficient, cover the market with good profit. Bit currency market is actually efficient, cover the market with good profit..
