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Centralized crypto exchanges are the most important black box of the crypto ecosystem. We all use them, we have a love-hate relationship with them, and we understand very little about their internal behavior. At IntoTheBlock, we have been heads down working on a series of machine learning models that help us better understand the internal of crypto exchanges. Recently, we presented some of our initial findings at a highly oversubscribed webinar and I thought it would be elaborate further in some of the ideas discussed there.

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