This assumes blockrades (and shapeshift) don't balance out their positions on exchanges. If that's so they risk building up huge positions when there is no balance between buyers and sellers.
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This assumes blockrades (and shapeshift) don't balance out their positions on exchanges. If that's so they risk building up huge positions when there is no balance between buyers and sellers.
It seems that blocktrades have their own order book and matching algorithms. But as for Shapeshift, they provide exchanges via Poloniex or Bittrex. You can see balancing transfers in their history. As for our service Changelly, we do the same to offer best prices on the market at the given moment. You can have a look, how does it work: https://steemit.com/money/@changelly/how-changelly-suggests-the-best-exchange-rates