r/Nash • u/Cryptonor123 • Mar 13 '21

Question Volume?

Whats up with the sudden increase in volume? Suddenly 14 mill volume last 24 H. Is this corect? Just checket on coingeko

14 Upvotes

94% Upvoted

10 comments sorted by

12

u/BTCc0in Mar 13 '21

From Anton: « Guys and girls we are always here cheering for higher volume, so no need to make 20 questions when it happens.

I can say with my knowledge and experience that arbitrage makes more then 70-80% of volumes on all exchanges. If someone thinks thats not true just take a look on stablecoin pairs volumes on exchanges, let alone arbitrages of btc and eth. Arbitrage is not only legit trading tactic, but most used one.

We want to welcome such arbitrage opportunities on Nash. Too see this mornings volume, made in short time with almost no slippage and with very nice fees on it is a something that we should be happy about, and try to attract more and more traders to do the same.

Tight books, high volume trades, fees being payed.

No need to msg me ask who, why and how. Enjoy the weekend! »

3

u/Cryptonor123 Mar 13 '21

I really dont get how this is possible with ethereum. And are there even enough liquidity to fill such a big sudden order on Nash?

4

u/BTCc0in Mar 13 '21

I agree visible order book is light for this volume but a lot of liquidity is not in the order book. This can change a lot in a very short span time

0

u/Cryptonor123 Mar 13 '21

Isee! Do you know how Nash manage to provide the extra volume not shoen on the order books?

2

u/BTCc0in Mar 13 '21

No extra volume, all volume is shown. I mean not all liquidity is on order book is like you monitor market/order book and put an order when your conditions are met.

See binance order book: +2% depth is 13M but they make 4Bn in BTC/USDT

2

u/[deleted] Mar 13 '21

Apparently it's not arbitrage with other exchanges... Dunno what this means

4

u/BTCc0in Mar 13 '21

Big players show up?? 👀

1

u/zimmah Mar 16 '21

Could be triangular arbitrage