Post
Topic
Board Bitcoin Discussion
Re: CoinGecko is introducing "Trust Score" to combat fake exchange volume
by
ene1980
on 15/05/2019, 21:29:46 UTC
That's some good stuff. Though unfortunately since majority are still geared towards CoinMarketCap, I don't think this makes that much of an impact. It's a step forward though; I just wish they'd do a re-make on their UI.
Majority of the users see coinmarketcap as the ultimate source of all the information, but the volumes they are showing are fake for a very long time. Initially the fake volumes by the Chinese exchanges and since they are closed we do not see them posting those huge volumes but now we have fake volumes in majority of the exchanges. Thanks Coingecko for the initiative and i would like to know how you are going to determine these volumes if the exchange starts creating fake order books to get a good score.