Re: EXX.COM - Anyone using this exchange? Are they legit? share your experience pls.
With 100 mln trading volume there should not be 10% spread on litecoin (buy/sell) so price difference should give good return while arbitraging. If noone is doing that it means that something stinks.
I think it might be exit scam. I heard lots of issues with this exchange beafore.
I think it might be exit scam. I heard lots of issues with this exchange beafore.
In most cases when the prices on exchanges are highly inflated without a good reason, it means there are withdrawal problems. It definitely can't be Tether causing differences in price like what happened recently because both exchanges use USDT "fiat" pairs.
It's yet another Asian exchange generating fake volumes to climb on the CMC ladder, and it seems very effective. They recently got a massive traffic boost, and it seems that they will keep gaining traffic as time goes by. CMC is the nr1 traffic provider for EXX with 14% and Google is nr2 with 6.5%.
https://www.alexa.com/siteinfo/exx.com
CMC is the perfect way to market your exchange. You just need to generate hundreds of millions in fake volumes.
