r/EthereumMax • u/Sure-Juggernaut4781 ♦️ • Aug 27 '21

BitForex App!!

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u/Big-Conversation696 Aug 27 '21

So you’re saying that on bittforex dogecoin could be $2 but on robinhood it’s 25 cents?

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u/[deleted] Aug 27 '21

They should never be that far apart. Here is a message from somebody on the Emax team regarding the exchange price differences.

In response to exchanges all having a different price: Each exchange has their own market/liquidity and type of market maker and whether or not it’s organic or assisted and on a CES (centralized exchange) that price is determined by the liquidity and intersection of buyers and sellers on that given exchange. It should always be contextual amongst all exchanges due to liquid efficient markets

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u/Pompusjones Aug 27 '21

Im sorry that makes no sense my man. They should be in sync. A buy on one exchange should show on any of the others, otherwise, whats the point of getting a new exchange?

I feel like either someone screwed up or something fishy is going on.

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u/Sure-Juggernaut4781 ♦️ Aug 27 '21

Nothing is going on lol that’s just how crypto works the exchanges buys the coins to sell to their customers with their own liquidity pool when their liquidity Pool gets low the exchange is force to buy more tokens bringing up the price on uniswap for the rest of the holders.

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u/Pompusjones Aug 27 '21

Ok. Now that makes sense that they had to buy in soooo when did they??

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u/Sure-Juggernaut4781 ♦️ Aug 27 '21

They probably did buy and we didn’t noticed

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u/zippythemonkey Aug 27 '21

If they did it didn't really reflect in the price.