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RE: Litecoin Will Be Added to Coinbase - Confirmed!
I find this method to be absolutely un-professional.
Do GDAX not have any sort of people re-searching currencies worth adding to their own exchange? Is it just volume (which let's be honest isn't hard or expensive to fake) that gets their dicks hard?
Disgusting.
They have been talking about market research for which cryptos to add for a few months now. This is just a light hearted way of making the announcement on Twitter.
Ah alright - it just seemed a bit too much after adding Eth after the volume came as well.
Most likely in both cases the volume came as a result of them finishing up their purchases for the sake of providing liquidity (SegWit may only be providing a helpful rationale for the pump).
If a major exchange adds Steem in the future we'll almost certainly see the same thing. They will need to buy a lot of Steem, and that isn't without its impact.
Thanks for the reply!