Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy?

[Zippyjuan]

Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy?

https://www.ccn.com/major-bitcoin-exchanges-accused-of-faking-volume-whos-trustworthy/

A blockchain data research firm has released a damning report which accuses several major cryptocurrency exchanges of engaging in unscrupulous activities aimed at faking bitcoin trading volumes.

According to the Blockchain Transparency Institute (BTI), only three cryptocurrency exchanges of the dozens surveyed — namely Binance, Bitfinex, and Liquid — were found not to be “grossly wash trading their volume.” Wash trading refers to the faking of volumes in order to give the false impression that there is high interest in a particular asset.

More at link.

 

[muh_roads]

Faking volume? Only wall street should be allowed to do this!

 

[kpitcher]

I've often suspected this. Far too often I've seen a posted daily high for a coin on a few exchanges and then see that one of my sells below the daily high did not go through. Often times this was at one of the smaller exchanges and I was trying to get rid of a coin that wasn't listed at one of the better exchanges. I've been trying to avoid the total shitcoins so haven't been running into this as much lately.