The terrible truth: 23 of the 25 largest cryptocurrency exchanges lie about their trading volumes
Source:
Rating Agency The Blockchain Transparency Institute (BTI) recently published a report on trading volumes of crypto-currency exchanges. According to the researchers, only two sites out of the 25 do not hide these figures. The most honest trading platforms were and Binance . Everyone else in varying degrees, artificially «cheated» the volumes and show a fake information.
theAs actually traded the crypt
The report also deals with the evidence of fictitious transactions by a majority of exchanges.
For our December report we've been watching orderbyon exchanges, analyzing their scope and even consulted with the market makers for the past 3 months. We have accumulated a vast array of data we are willing to publish.
The report calculated the real trading volumes of top 25 exchanges and Coinmarketcap. In most cases, the figure is only 1 percent of the number that appears on the CMC. Only two of trading platform do not conceal any unscrupulous transactions.
The Researchers also highlighted a few interesting facts:
the-
the
- to increase the volume of exchanges using four different strategies based on the use of shopping bots; the
- the use of a particular strategy varies depending on the current state of the market and the hype around the coin; the
- of the top 30 trading pairs on OKEx provide the tools for fictitious transactions; the
- the cost of listing on major exchanges — profitable business. The average project has to spend about $ 50,000 to add your token to the large exchanger.
At the end of the report, representatives of BTI gave advice to the developers CryptoStream.
Send us any information about the exchanges that require large fees for listing the token. Many of these companies exist only by adding new coins, while their trading volumes are generated mostly bots.
Source: Ethereum World News
Earlier, the accusations of excessively high prices for the listing in the direction of Binance. CEO exchange Chanpen Zhao any rumors on this matter.
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