Coin Market Cap has liquidity ranking and HitBTC has largest liquidity, larger than Binance. It trading fees are extremely low, lower than Binance. Liquidity and low trading fees are likely to attract big traders there still.
I refuse to believe that figure is real. Somewhere as shoddy as this joint will not attract more business than competently run exchanges with, like, identifiable people running them and actual regulation.
This exchange is hardly ever mentioned outside this thread and when it does it's almost always negative.
It really is time for CMC to stand up and accept responsibility for allowing the space that helps scammers facilitate their scam.
With CMC allowing any exchange to send any figures and then for CMC to display them is playing its own very important part in the scam process.
Liquidity is not same as trading volumn. HiBTC trading volume are high at many market, but not highest. There are many higher reported trading volume exchange there. Liquidity number is supposed to be real number
after removing scamming trades. Liquidity most likely is real number on bids/asks and traders can obtain those in real trades.
bids/asks could be wash trades too with self trading money. But it is unknown how much wash trades there in HitBTC. But HiBTC usually has very tight bid/ask spread so that my impression is that liquidity at HitBTC was real on dogecoin, litecoin, bitcoin and ethereum markets. I only trades those there and do not know other market that much. But my impression of past experience says that HitBTC liquidity ranking number 1 is reasonable and believable.