Analytical agency Tokeninsight presented an updated quarterly rating, which previously ranked the seven largest cryptocurrency exchanges. This time, the list included seven more platforms, which were evaluated on such indicators as trade volume, security, and compliance with laws.Ratings of cryptocurrency exchanges, as well as ratings of cryptocurrency, are very subjective and invariably provoke disputes in the cryptocurrency community. However, they continue to gain popularity. The latest report from Tokeninsight reviews the progress of cryptocurrency exchanges over the past three months in difficult market conditions.
At Bitfinex, you can trade 35 currency pairs, which include the US dollar, as well as the most liquid at the moment, crypto-currencies. Commission for operations depends on their monthly volume and is up to 0.2% for the buyer. In addition, the exchange has a commission for withdrawing funds, which depends on the specific currency and is 0.0004 bitcoins or 0.1% of the amount (minimum $ 20) when withdrawing in dollars. To register, trade or transfer from a crypto-cheater it is not required to indicate personal data, however, when placing funds in dollars or withdrawing them to a bank account, verification with the provision of documents is required.
The BitCrypto'ed blog claims that the Bitfinex Exchange is engaged in a fictional trade (wash trading). The blog article, consisting of two parts, reports on the alleged illegal activities of the exchange. In the first part, the author explains how the process takes place and why it is profitable for the exchange, and in the second - what could push Bitfinex to carry out such operations.