this post was submitted on 08 Jun 2024
5 points (72.7% liked)

Monero

1667 readers
17 users here now

This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

GitHub

StackExchange

Twitter

Wallets

Desktop (CLI, GUI)

Desktop (Feather)

Mac & Linux (Cake Wallet)

Web (MyMonero)

Android (Monerujo)

Android (MyMonero)

Android (Cake Wallet) / (Monero.com)

Android (Stack Wallet)

iOS (MyMonero)

iOS (Cake Wallet) / (Monero.com)

iOS (Stack Wallet)

iOS (Edge Wallet)

Instance tags for discoverability:

Monero, XMR, crypto, cryptocurrency

founded 1 year ago
MODERATORS
[email protected]
5
Motivations behind migrating traders (lemm.ee)
submitted 5 months ago by [email protected] to c/[email protected]
2 comments fedilink hide all child comments
 

If you look the markets tab of Monero on coingecko, you'll notice many things.

  • exchanges where the volume is the biggest are the one with users complaining about withdrawals.

Volume + spread (price difference between buy and sell orders on the exchange order-book) is ruling price trackers.

By moving traders on other platforms, we could suppress the price anomalies on paper exchanges where you can't withdraw, they're also probably only used to dump XMR since buying on it is useless because you can't do arbitration.

So yes to me that's the way to mitigate delistings and attracting liquidity on places you can get it to solve the initial liquidity crisis.

Shill tradeogre, nonkyc & bisq. Anywhere the price is tracked by theses centralized oracles.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 5 months ago

Ofc haveno instead of bisq. Trades are cheaper, faster and private but still not tracked by theses damn oracles and it's important to show possible arbitration and the liquidity counted in all theses metrics