Reports of cryptocurrency Exchanges faking trading volume by wash trading have become rampant in the Financial market. What was once perceived to be something based on only suspicion and allegations is now coming out with documented proof.
Recently, TIE had released a report of its independent analysis of discrepancies found in the reported trading volume of exchanges. Furthermore, according to TIE’s research 75% of the Exchanges reported fake trading volume data. However, according to the new report by Bitwise Asset Management, the actual percentage is 90%. Both of them used a different approach but seemed to have reached a similar conclusion.
List of ‘Trusted’ Cryptocurrency Exchanges According To Bitwise
The research parameter for Bitwise Asset Management was ‘trading volume’ data with respect to the amount of Bitcoins held in the exchanges. On comparing the data from several Exchanges, the report found authentic…
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