Re: Don't Believe The Trading Volumes On Most Exchanges

Quote from: iconoclast on December 18, 2018, 02:51:01 PM

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

As a part time trader i also sense that there are bots trading on some exchanges and it is really frustrating for me. That is why i move to Binance to test my skills on trading sans the bots and i am glad that Binance is one of those exchanges that don't do wash trading.