Post
Topic
Board Trading Discussion
Re: 95% fake volume :)
by
wxa7115
on 30/04/2019, 17:04:11 UTC
This is a known issue already, and the majority of them are new exchanges that create fake volume to attract traders. There should a strict regulation that would prevent them from fabricating such volumes. I really don't think this can be resolved anytime soon, but staying away from these kinds of exchanges would be the way to go. Perhaps, stick with Binance, or Coinbase and a few other trusted ones.


We do not need regulation, that is what the governments are expecting for us to ask and of course they will be willing to comply but then exchanges will begin to ask even more information from you, what we really need are decentralized exchanges that works like their centralized parts and that have the volume necessary for us to trade without any issues.

Once that happens then we can forget about all of the issues with fake volumes coming from centralized exchanges and more importantly we will eliminate exchanges as one of the most important points of failure in this market.