Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Don't Believe The Trading Volumes On Most Exchanges
by
Terrmit
on 20/12/2018, 19:51:16 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

What does the exchange earn? The exchange receives a percentage of the transaction and the amount for the filled coins. Of course, they will provide fictitious information or create artificial trades just to get more money from the projects, and from all those who use the exchange.