Five Star Exchange is a P2P crypto-Products Trading platform. Five Star Exchange is the world’s most advanced cryptocurrency exchange, Launched on 26th January 2020. Five Star Exchange has been providing markets for FIVE star Coin, Bitcoin, Ethereum, TUSD, and more than 65 cryptocurrencies in total. Five Star Exchange and the Mobile Apps issued under Five Star Exchange are wholly owned and operated by Five Star Group, Developed by Pingulkars Technology Solutions Private Limited, India. The founding team at Five Star Exchange consists of High Class professionals in Web Development, Finance, and High Frequency Algorithmic Trading operations around the world. In addition, it also serves as a coin-to-coin and P2P trading platform geared to global market. Key Features : Website, Android Application & IOS Application. Real-time clearing and cutting-edge order matching algorithms. The most advanced API on the market Access to the crypto assets exchange platform technology is provided in accordance with the Terms of Service.
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).
*** Volume Excluded - no fresh data from exchange API
Confidence score is our new formula, which is evaluating exchanges, on three principal matters:
Liquidity (75% weight)
Web Traffic (20% weight)
Regulations (5% weight)
Each of these have appropriate weights, which are calculated into proper score.
Liquidity (CO/Vol based) on this market is good, and volume seems to be accurately represented.
Liquidity (CO/Vol based) on this market is average, reported volume by exchange can be higher, than it is in reality.
Liquidity (CO/Vol based) on this market is bad, there is high probability that volume is inflated (e.g. wash-trading), or market isn't liquid enough (low volume exchange).
There is no data, available regarding this market.