It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.
It can help in some ways but likewise if it's intentionally been done then there's nothing else the team can do, it's on the side where things is unavoidable and even regulations are there to accompanied the scenario it's still the one who intentionally do the manipulations can change the outcome reports.
That's the problem, sometimes we can't do something to this fake volumes by unreliable exchanges, the only way is just to leave it to the community to judge whether an exchange deserves their money to be traded there or not. The only thing that makes them grow up so fast is the fact that so many people are kinda blind or uneducated to all these facts that many of the exchanges are faking volume and most of them are low rated exchanges.