Decentralization is one of the key theses of the crypto community. It concerns not only the coins, but exchanges. However, several recent reports have identified various ways — announced trading volume of most exchanges were fake. Senior market analyst at eToro’s Mati Greenspan in an exclusive interview AMBCrypto tried to explain how the report Bitwise delimiting “real” and “fake” exchanges. And how this may point to the decentralized nature of the market.
If Greenspan hinted that the verdict of damning reports were actually positive and not negative? In his opinion, if the situation was really deplorable, absolutely all the figures would have been invented.
But we see that on the exchanges there really is a real trade and that is what matters. Even if it is only 10 exchanges — this is an impressive number.
Recall, as noted in the report Bitwise, “real volume” provided Binance, Bitfinex, Kraken, Bitstamp, Coinbase, bitFlyer, Gemini, itBit, and Poloniex Bittrex. That is the largest and legitimate exchange.
It really shows that the market of Bitcoin is decentralized. In most markets you have only one exchange which sets the price. All the other under her adjust. However Scripturally ten exchanges that can generate price. And there is no strongest player, who dictates the rules to the others.
There is another reason why cryptocracy is good. Bitwise has provided a study to the Commission on securities and stock exchanges of the USA. In turn, analysts have noticed that in such conditions “to deal with the regulation of Bitcoin will be easier.”
The current rate of coins can be found in our classroom ranking of cryptocurrencies. And cryptodata of hontarov will find other useful information.
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