Quote from: gentlemand on March 27, 2019, 02:11:24 AM

Quote from: bbc.reporter on March 27, 2019, 12:07:51 AM

How do cryptocoin exchanges with fake volume earn money if they are only wash trading with themselves? Also, why are they doing this?

By faking it till you make it?

I've seen quite a few threads on here from newcomers who can't understand why that super amazing exchange that has trillions of users is literally unusable and every single order they attempt never goes through.

They can also point to their 'volume' and charge new projects a large listing fee because of that amazing userbase. The shitcoiners who pay it probably know they're paying for nothing other than bilge but again that 'volume' is going to draw in pinhead investors. It's nothingness built on nothingness but enough real dollars are milked from saps.

What you are telling is for the reason to show the users that this site is having big volumes so that user should invest in their site and trade, so that when they get enough users to scam they will come out with hacking or some other excuses and scam the users. So always take caution when trading with fake volume trading exchanges.