2min chapter

Odd Lots cover image

What Ben McKenzie Learned When He Started Investigating Crypto

Odd Lots

CHAPTER

The Dynamics of Cryptocurrency

Most of the volume in crypto runs through overseas exchanges, right? It ran through FTX before it was shut down. It was now running through finance or, you know, finance is the biggest crypto exchange by a country model. But how much of that volume is real? Wash trading is an enormous part of cryptocurrency. And you've seen it in the SEC charges against finance. I believe the allegation of their first or second day they were set up was that 99% of the volume was trading 70% on the first day. So it's just not there.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode