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

I couldn't agree more. I have noticed that too, the volume is big but the price remains the same, i dont get it. Now it's clear to me that some exchanges is just manipulating the volume. Now it leaves me a question on, "how can we able to prevent exchanges from doing that ?"