BTCB2 Price Swings Amid Neoxa Exchange Warnings

The BIP-110 forked asset, BTCB2, has been listed on Neoxa Exchange and is trading at around $80 per coin under the ticker BTCB2. However, a Reddit user claims that the exchange is not trustworthy, and even a public service announcement from a pro-BIP-110 website warns against using Neoxa due to its 'high-risk' designation.

Neoxa Exchange's thin order books have contributed to price swings, with BTCB2 moving from around $80 to a $176 ask. The exchange has reportedly logged $94,100 in 24-hour trading volume for BTCB2/USDC and $19,300 in trades for the BTCB2/BTC market.

Despite warnings from the BIP-110 community about Neoxa Exchange's reliability, some users have been questioning how much trust to put in the platform and its pricing. The website bitcoinbip110.org has cautioned against giving too much attention to Neoxa Exchange's BTCB2 prices, warning that doing so could amplify potentially unreliable market signals.

A Neoxa associate has denied the veracity of a Reddit story claiming that the exchange is a scam and said that anyone who lost money should open a support ticket. However, this has not alleviated concerns about the exchange's legitimacy.