Post
Topic
Board Altcoin Discussion
Re: Don't Believe The Trading Volumes On Most Exchanges
by
paradigmaV
on 19/12/2018, 11:34:42 UTC
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded

I'm not sure there are exceptions. It seems to me that absolutely all exchanges are doing this. Perhaps the degree of overestimate is different. We often see high in the ranking of new unknown exchanges. Of course, their high volumes are a hoax. But at the moment, the crypto market is at a similar low level. The low level of regulation allows manipulation.