Hacker News new | ask | show | jobs
by whatshisface 1677 days ago
Well, the book can be tiny sometimes.
2 comments

It makes bo sense when it comes to any popular cryptocurrency. The only way book can be small for these is on small exchange. But if you attempt to manipylate it to bring in away from current price on large exchanges you'll be immediately interfered with by people doing interexchange arbitrage. Also manipulating small exchange has small impact.
also fees can be nonexistent for big customers, which are likely to engage in such things