To then lie to your users and try to cover your mistake instead of taking responsibility for your actions is shameful and it is no wonder they are using a Belize and Seychelles setup for the incorporation of their business. Only companies looking to avoid lawsuits or legal action would set up this type of infrastructure.
Not necessarily. They're in general simply useful for businesses who don't want to abide every law/regulation that the US/EU shits out.
Anyway, although you didn't really mention what you meant by washtrading except to mention it in your title, i do think you're right. Their traffic rankings are almost *exponentially* lower than all of their competitors, yet they sometimes have twice the volume.
This is the case for most exchanges listed on CMC though, all of them except for maybe binance, bittrex, and a handful of others.
Some comparison:
https://coinmarketcap.com/exchanges/p2pb2b/ 24 H Volume - $168,319,947 USD
13,362 BTC
https://www.alexa.com/siteinfo/p2pb2b.ioAlexa ranking: This site ranks:
#72,901
in global internet engagement
https://www.similarweb.com/website/p2pb2b.io#display Global Rank
Worldwide
95,917
Now lets take a look at some of their direct competitors in the # reported volume metrics:
$153,097,381 USD
12,156 BTC
This site ranks:
#17,010
in global internet engagement
https://www.similarweb.com/website/gate.io - 2.7 million visits.
https://www.similarweb.com/website/p2pb2b.io 0.5 million visits.
Gate.io gets 5 times as many visitors as p2pb2p.io, yet they have a lower volume. >big brain time.
Another one:
$90,232,784 USD
7,168 BTC
#4,109
in global internet engagement
https://www.similarweb.com/website/p2pb2b.io#display 30% of their traffic is referral of which another 50% is from faucets. That must definitely inflate their traffic stats as well.