Guest Posted November 6, 2018 Share Posted November 6, 2018 Bitbank is not something that's ever really been on my radar... but i'm curious as to why they have so much more volume compared to your more traditional exchanges? Like, over $80 billion more than Binance in a 24 hour period. Has Bitbank just become massively popular in Japan, or are they in someway shape or form tied to institutions? Link to comment Share on other sites More sharing options...
SquaryBone Posted November 6, 2018 Share Posted November 6, 2018 Wash trading? Link to comment Share on other sites More sharing options...
Kpuff Posted November 6, 2018 Share Posted November 6, 2018 Bitbank is usually always at the top Link to comment Share on other sites More sharing options...
iLeeT Posted November 6, 2018 Share Posted November 6, 2018 Yep, I think usually when there's a pump, it usually starts from Bitbank and Japan imo. Quite incredible how fast things change in crypto.. previously Korea had a massive dominance whereas Japan was nowhere to be seen, now they are leading the pack. Zerp_Legend 1 Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2018 Share Posted November 6, 2018 18 minutes ago, Kpuff said: Bitbank is usually always at the top Still doesn't explain why there is so much volume in respect of XRP. Look at the volume for the last 24 hours compared to Bcash, the second most traded asset on that exchange. That is a truly massive gulf. I'd be curious if anyone from Japan has experience with them. Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2018 Share Posted November 6, 2018 It's being used. Link to comment Share on other sites More sharing options...
Kpuff Posted November 6, 2018 Share Posted November 6, 2018 1 minute ago, tartankiwi said: Still doesn't explain why there is so much volume in respect of XRP. Look at the volume for the last 24 hours compared to Bcash, the second most traded asset on that exchange. That is a truly massive gulf. I'd be curious if anyone from Japan has experience with them. Bitbank is the number exchange in Japan. They started the zero fee campaign a while back and decided to extend their zero fee campaign until March 2019. I don't know why specifically xrp has that much volume but as long as I've known anytime I check the xrp charts it's either bitbank or bithumb as number 1. I do know that the south korean and Japanese markets are always super high on xrp. Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2018 Share Posted November 6, 2018 Interesting, I wasn't sure if they had some sort of affiliation with SBIVC, but from what I can gather they are opposition. Hmm, Maybe the Japanese know something about XRP that we don't Or maybe it's just a massive pump and dump. Link to comment Share on other sites More sharing options...
Kpuff Posted November 6, 2018 Share Posted November 6, 2018 1 minute ago, tartankiwi said: Interesting, I wasn't sure if they had some sort of affiliation with SBIVC, but from what I can gather they are opposition. Hmm, Maybe the Japanese know something about XRP that we don't Or maybe it's just a massive pump and dump. Yeah they are in competition with sbivc. It's said that when Mr. kitao opens up the order books in March, as well as the zero fee campaign for bitbank ends. That SBIVC will start to get significant volume. I'm excited for what they have in store. Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2018 Share Posted November 6, 2018 22 minutes ago, Kpuff said: Yeah they are in competition with sbivc. It's said that when Mr. kitao opens up the order books in March, as well as the zero fee campaign for bitbank ends. That SBIVC will start to get significant volume. I'm excited for what they have in store. lets see what happens today... Japan just waking up and XRP just starting to pump again. Link to comment Share on other sites More sharing options...
mandelbaum Posted November 6, 2018 Share Posted November 6, 2018 (edited) The CEO of SBI sent out a tweet yesterday saying the age of the digital asset has started or something. This is what started the volume pumping. https://translate.google.com/translate?sl=ja&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.sbi-com.jp%2Fkitao_diary%2Farchives%2F2018110610855.html&edit-text= Edited November 6, 2018 by mandelbaum Links added. Link to comment Share on other sites More sharing options...
Guest Posted November 6, 2018 Share Posted November 6, 2018 he's talking about an ebook he wrote -- trying to pump them book sales! Link to comment Share on other sites More sharing options...
LilBender Posted November 7, 2018 Share Posted November 7, 2018 14 hours ago, iLeeT said: Yep, I think usually when there's a pump, it usually starts from Bitbank and Japan imo. Quite incredible how fast things change in crypto.. previously Korea had a massive dominance whereas Japan was nowhere to be seen, now they are leading the pack. Many Korean exchanges didn't have KYC last year and a lot of Japanese traders used them. The regulations are stricter now and those traders use domestic exchanges. Link to comment Share on other sites More sharing options...
Jimmyt Posted November 7, 2018 Share Posted November 7, 2018 (edited) 21 hours ago, tartankiwi said: Bitbank is not something that's ever really been on my radar... but i'm curious as to why they have so much more volume compared to your more traditional exchanges? Like, over $80 billion more than Binance in a 24 hour period. Has Bitbank just become massively popular in Japan, or are they in someway shape or form tied to institutions? 80 million, not billion Edited November 7, 2018 by Jimmyt Link to comment Share on other sites More sharing options...
aavkk Posted November 7, 2018 Share Posted November 7, 2018 Separately, it's awesome to see that only 2 of the top 10 markets are XRP/BTC. Link to comment Share on other sites More sharing options...
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