Volume figures should not be taken seriously until BTC and a popular stable coin are listed on the exchange, this should be the team priority
Until these 2 assets are listed I don’t consider the exchange really launched
Great post!
I like to see the trade volume visualized like this, would be great to update something like this on a semi regular basis to track how the exchange volume is going!
As mentioned in the Q1 2020 report recently: no fake volume on Nash
I think we are all very happy to see the graph above: currently > 500.000 $/day trade volume, only a couple of days after BTC trading was made available !
Congratulations Nash team for this wonderful achievement
I did not register for the exchange yet since I am not much of a trader though I will stake in the future, so can you guys check who is generating this huge volume we are getting for the last few days? Are there thousands of smaller transactions or are there a few whales?
Don’t know about the details, but clearly this volume is from NASH and their partners (see the web site). It has been seen before btc has been open to all traders. This is how it will go:
Market Makers make some volume on the pairs --> early adopters of NASH starts using it --> Advertisement and a good volume attracts the early majority that is worried about the safety of their coins --> Late majority use NASH cuz it’s easy to use, has a lot of volume, and is regulated.
There was never a 1 BTC trading limit. Only a deposit limit, but that has been lifted already. Big players can make big volume because they have been granted a higher Tier.
Big round of applause for the Nash team and this community, because as of today, we are over 1 million $/day trading volume ! What an incredible milestone.