In another discussion related to the extraordinarily high exchange volumes, new independent research by The TIE platform reveals that beyond the leading exchanges, volumes do not match the projected activity based on the number of user visits.
The discoveries match previous observations that some exchanges were revealing higher trading activity, with a handful of accounts possibly powered by bots achieving extraordinarily high volumes. In an ecosystem where crypto-to-crypto trading is more influential, those types of trading anomalies are easy to achieve.
At the same time, exchanges like Binance...