Post
Topic
Board Exchanges
Re: WEX.nz
by
illyiller
on 04/10/2017, 09:09:42 UTC
So why the sudden dump in all the crypto prices on WEX over the last few hours?

I would say there is a lot of manipulation going on in the past day by the exchange:

Quote
At the request of traders to normalize the trading volume we are blocking all the fiduciary withdrawals today at 18.00 till October 9th,2017
https://twitter.com/WEXnz/status/915243430669889536
Quote
Due to rate normalisation we have taken the decision to enable fiduciary withdrawals.
https://twitter.com/WEXnz/status/915486474929364993

16+ hours and my ETH deposit still isn't credited.

  Sad

Same thing happened to someone upthread. The deposit was eventually credited. Make a ticket on https://wex.kayako.com about the missing deposit and report back here if it doesn't show up...

Of course it is ~ only an utter fool leaves his funds there and keeps trading like nothing has happened. It may very well be that this exchange is near empty, and thus generates volume to make it look active, while in reality it isnt.

You might be surprised. I have some crypto friends in the CIS countries and though they are smart enough to steer clear of WEX, they say that many in the Russian and eastern European communities are still generally comfortable using them. WEX quickly became the highest volume CIS-facing exchange again. Then there is Exmo and not much else besides small, local exchanges.