Binance to Confirm Margin Trading Launch Plans

According to CEO of the exchange, Changpeng Zhao, the corresponding code is ready and the system is currently being tested.
08 May 2019   606

The head of Binance Changpeng Zhao confirmed the information that the exchange will soon launch margin trading.

During the discussion with the community on the eve of the hacker attack, Zhao stressed that Binance would soon launch margin trading.

Changpeng said they are working on a margin trading system that will be launched very soon. Initially, it will be launched for key clients, large traders who will help test it. 

According to him, the corresponding code is ready and the system is currently being tested. In addition, Zhao noted that Binance is actively discussing the possibility of issuing its own steylcockin, and also is selecting candidates for the next IEO on the Launchpad platform.

However, over the next week, the marketplace team will be fully focused on studying security issues and addressing the effects of hacking. Consequently, the above development and discussion of future plans for Binance is likely to be postponed for some time.

Fake Trading Share to Reach 68%, - FTX Global

This figure, however, is significantly lower than what Bitwise's report and the discrepancy is explained by the difference in methodology
04 July 2019   1187

The exchange of derivatives FTX Global and Alameda Research conducted a study that estimated the volumes of fictitious transactions (wash trades), presumably prevailing in many cryptocurrency exchanges.

The report says that 68.6% of trading volumes displayed by CoinMarketCap are fake. This figure, however, is significantly lower than what Bitwise Asset Management announced in March.

The discrepancy between the results in almost 30% of the authors of the new study is explained by the difference in methodology. So, FTX Global is sure that Bitwise used an too strict approach to data analysis, which is why a significant proportion of real trading volumes fell into the category of fake ones.

While our methods are not foolproof, we believe they paint the most accurate picture of the true nature of cryptocurrency trading volume that anyone has made publicly available as of yet.
 

FTX Global Team

The Alameda methodology involves verifying the authenticity of data on trading volumes on various exchanges based on six different parameters, including manual verification of information and comparison of order books.

FTX Global Website
FTX Global Website

In particular, the experts found out that some sites provided data on the volumes of foreign exchanges for their own, with a slight delay in time. Other platforms used more advanced techniques - for example, they introduced large fake volumes only against the background of many smaller orders, thus trying to hide the true state of affairs.

The main purpose of these tactics is to raise the platform higher in the CoinMarketCap rating, creating a false impression of its liquidity. It also sometimes allows for the ability to charge a higher listing fee.