Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.
This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?
my source:
https://www.blockchaintransparency.org/reports/This has been like this for years now, none of the exchanges you see right now neither the ones that has been running for years had the same amount of volume they advertised.
Volume is what makes an exchange big or small, what makes them known and heard from people and the higher your volume is the higher number of people hear your name and come looking for, since we can't really know which one is doing it how much I have stopped looking at volume for selecting my exchange.
I just go with the most known from what I hear on forums and chats and go with that. Now binance may not be the best website out there or even have highest volume, I wouldn't know if its true or not, however I know everyone knows them and they are very known so I use them.