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Bibox Acquires Second Biggest Decentralized Exchange

  • Alex Morris
    📰 News

    Bibox joins the list of big-name centralized exchanges in the likes of Binance and Coinbase that are pouring money into decentralized infrastructure

Bibox Acquires Second Biggest Decentralized Exchange
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Bibox, the 10th biggest cryptocurrency exchange with a daily trading volume of $196.7 mln, has bought the second biggest decentralized exchange, DEx.top. The official announcement was made on Dec. 17.

Sealing the deal  

In its Medium post, DEx.top states that ‘a meeting of the minds’ was the main reason behind the acquisition. Now that Bibox owns a stake in DEx.top, the two projects can successfully cooperate together in order to ensure a seamless trading experience. The financial details of the deal haven’t been disclosed.   

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A penchant for innovations

Indeed, the two exchanges have both contributed to progress in the crypto space. DEx.top has a very meager social media presence with the total numbers of its Twitter followers barely hovering above 2,000; this is considered the second largest DEX on the market (only trailing behind IDEX).

A penchant for innovations

DEx.top is particularly famous for introducing the innovative ROC (Replayed On Chain) trading mechanism, which allows conducting instantaneous transactions by synchronizing off-chain and on-chain ledgers.   

Meanwhile, Bibox is considered one of the leaders in the realm of centralized exchanges. This platform is particularly beloved by traders because of AI-enhanced trading tools.   

The decentralization trend

Decentralized exchanges have a common problem — all of them struggle to break into the mainstream. However, the fact that many already established players in the crypto industry are dipping their toes in this niche proves that DEXs might become a thing in 2019. Apart from Bibox, Binance has recently offered an insight into their upcoming DEX. Last week, Tron also launched its own decentralized exchange with three TRX20 tokens. Back in May, Coinbase, the leading fiat-to-crypto exchange, acquired the decentralized exchange Paradex, showing its commitment to support decentralization.

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OKEx, Bit-Z, CoinBene and Other Exchanges Use Different Mechanisms to Inflate Their Trading Volumes

  • Alex Morris
    📊‍ Infographics

    🔊😱Fraudulent exchanges can ‘add noise’ in order to make their faked trading volumes seem more authentic 👀

OKEx, Bit-Z, CoinBene and Other Exchanges Use Different Mechanisms to Inflate Their Trading Volumes
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Crypto Integrity has recently revealed the mechanics of wash trading that are employed by major cryptocurrency exchanges. OKEx, one of the leading exchanges, also appeared on the list of exchanges that disguise their real trading volumes.

Many faces of wash trading

The study singles out three main wash trading mechanisms that differ in the difficulty of implementation:

  • In-spread trades without limit orders. The exchange reports the trades that do not appear in the order book at all. This instrument is popular with fledgling exchanges since it mitigates all risks that pertain to wash trading. OKEx, Bit-Z, CoinTiger, and other exchanges were involved in this activity.    

  • In-spread trades with short-lived limit orders. The order appears in the order book for a minuscule fraction of a second, which makes it impossible for any traders to see it (unless we are talking about automated bots). Short-lived orders have been noticed on CoinBene, Bitmart, and IDAX.  

  • Trades near bid-ask caused by short-lived limit orders. In this case, traders try to disguise their malicious activities by placing orders of different sizes and with different life duration. OKEx is the only exchange to use the most sophisticated form of wash trading.          

A mundane thing

As reported by U.Today, wash trading is extremely prevalent in the cryptocurrency space. In fact, an earlier study showed that seven out of ten exchanges that occupy the top 10 spots on CoinMarketCap (CMC) report fake numbers.

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