From the trader’s perspective I get the benefits of ‘trade-driven mining’ as long as you’re making markets and presumably a profit. The thing I don’t fully understand is the insane volumes of wash trading which are apparently happening for the sake of generating volume and not to cover trading fees (That is to say, for every $1 worth of CET you get rebated for your fees, you’ve spent $1 on said fees, which nets to $0 if you’re wash trading / transacting with yourself a single price). Especially since CoinEx implemented an hourly ‘difficulty’ cap on the fee rebates you can get.

For example, if you watch the CET/ETH page long enough you’ll see massive wash trading volume come in, lately in 40k CET at a clip, (presumably from the same trader(s)), but there’s no obvious benefit to the huge amount of trading that’s going down. As far as I can tell, the only reasonable theories are it’s 1) the exchange trading on their own accounts to pump up the CET volume and generate interest (i.e. marketing) or 2) a trader who has CET holdings so huge that he/she’s willing to push through the majority of the volume to generate additional interest while collecting the dividend payouts. If it is indeed #2, why is that trader spreading the volumes across CET/ETH, CET/BCH, and CET/BTC? Lots of weirdness afoot.