Saw 200 offers for the first time on #Haveno-reto just now. Also its firmly above 16 trades per day or 1 trade every hour and a half. The average time between trades is dropping fairly quickly. I am looking forward to the point where we could be fully independent and get our price from our own order book and arbitrage traders. I figure we need at least 1 trade per minute to accomplish that, so a while to go.
Discussion
This is the goal. Without the option to arbitrage price will be controlled by dishonest CEX.
I guess one trade every ten minutes should be enough to start the independence movement.
CEX only do more on paper.
That would be an average of 144 trades per day and that's not nearly as far off as one trade per minute or 1,440 trades per day, but it's still a ways away. I guess with that level of trading you think that we could have our own independent order book and then any price deviations between centralized exchanges and us would be arbitrage.
