Post
Topic
Board Exchanges
Re: MtGox withdrawal delays [Gathering]
by
sturle
on 25/09/2013, 06:12:30 UTC

Not true.

Bitstamp publish their total volume only.  MtGox don't publish a total volume, but splits it into individual currencies.  If I deposit EUR on Bitstamp and withdraw EUR from Bitstamp, it is still counted as USD volume.  On MtGox it would be counted as EUR volume.  To compare the two you need to add all currencies on MtGox.  Many people don't know this.
Well this seems to be mostly a discussion about USD and I believe the USD volume on bitstamp is now larger. In any case, the ratio of quoted USD volume has been tilting strongly away from Gox, likely due to a loss of faith in their business practices caused by their opacity, and probable falsehoods.
Bitstamp's USD volume is unknown.  They only pubslish their total volume and label it as USD.

Much of the volume on MtGox has shifted from USD to other currencies.  A shift is not a reduction, and can only be explained by the USD withdrawal problems.  Not loss of faith.  Some days the JPY volume alone on MtGox is 50% of Bitstamp's total volume.  Loss of faith in USD then, perhaps?