Bitfinex Slaps Away Accusations of Unethical Activity With Non-Existent USDT/USD Market

A recent mysterious discovery had cryptocurrency enthusiasts and members of the press inquiring as to what Bitfinex’s motivations are. Suddenly, almost $50 million in volume appeared in CoinMarketCap’s listing of the exchange’s USDT/USD market.

The problem here is that Bitfinex doesn’t have a USDT/USD listing. This led traders and even the press to speculate on what this might mean and whether the company is engaging in wash trading to keep up the value of Tether.

Kasper Rasmussen, Bitfinex’s head of marketing, said that he believes that the API listing on CoinMarketCap “represents deposits/withdrawals of some kind.”

Almost immediately after C…

This article appeared first on Cryptovest

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