Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Don't Believe The Trading Volumes On Most Exchanges
by
ityandsyn
on 20/12/2018, 06:16:12 UTC
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

       This should be ban so that trading site will shortened  then only legitimate and reliable exchanges site will operates for crypto industry because this irregularities of trading sites may result losses of investors since they will be mislead of their analysis.