Topic: CoinGecko is introducing "Trust Score" to combat fake exchange volume (Read 924 times)
October 06, 2019, 12:47:18 AM
Good news to people who are yawning to see exchange with real volumes and bad news to exchange who are involved in wash trading and exaggerated trading volumes to be at the top level rank in cmc, this idea is nothing but brilliant, with this method of knowing the accuracy of tradings in exchanges now we can actually know which exchange deserves to be in those top spot and who doesn't, good job coingecko for this.
October 05, 2019, 04:24:31 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data. 
The fake volume is a curse and we need to get rid of that to have some transparency and a fair evaluation of things for the people who invest money. Most or all of these exchanges are not regulated and there is a plenty of competition in the exchange market and all the exchanges are trying to get an upper edge to attract more customers and with no regulatory board overlooking all these, they could fake these volumes but coingecko has taken a good initiative and hopefully they will not take money and fake the volume themselves as i am sure these exchanges will be ready to pay huge amounts to show these fake volumes too 
. 
October 05, 2019, 04:17:32 PM
Well, that's very good news. I like Coingecko and I use This service very often. Often can find altcoins that are not on Coinmarketcap and find out where they are traded. And now and watch real volumes.
Yes, coingecko has more features than Coinmarketcap. Coingecko is not just a price showing tool, they list all the potential ICO on the board. This new Trust Score feature will bring more users to Coingecko and I hope very soon this platform will become another big crypto influencer website! To me, Coingecko a kittle bit underrated, they deserve more popularity! October 05, 2019, 04:06:15 PM
This is awesome and it was needed badly to prevent fakers. I always like Coingecko than the manipulated Coinmarketcap! This trust score will help us to know which exchange is really big and which is shit. We all know most of the exchange has fake volume, even many big reputed exchanges have a huge number of the fake volume. We should stop supporting this exchange when we already have a better option. I did not know about this feature before today, thanks to coingecko to bring a good solution in the crypto market.
October 05, 2019, 03:50:55 PM
Well, that's very good news. I like Coingecko and I use This service very often. Often can find altcoins that are not on Coinmarketcap and find out where they are traded. And now and watch real volumes.
October 05, 2019, 03:23:07 AM
I think this is very good news for everyone, because the news provided with CoinGecko is very petrified to eradicate fake volumes in trading, and I also always see in exchange a lot of high volumes but they don't correspond to reality for trading. So for that all traders are not only fooled by the volume that looks high.
October 05, 2019, 02:29:18 AM
Which kind altcoin giving information by CoinGecko incorrect sir? I always check website exchange market trues based on what information giving by CoinGecko website, maybe little miss information is not worried because we can check by self in market and we use CoinGecko for checking faster without have open exchange market.
October 04, 2019, 12:29:54 PM
Hats off! https://www.coingecko.com that's really doing great job. It was big fight to find out fake exchanges volume. Because https://coinmarketcap.com/ always showing huge fake volume. Binance trust score position number 8 really. I'm very shocked to see this exchange ranking. Kraken is got top trust scoring exchange i think it’s really deserve that. Coingecko day by day go very popular i think it’s a another great place to know about cryptocurrency.
October 04, 2019, 09:24:18 AM
Shouldn't this be in service discussion or service announcements, since it's not really related to BTC, but more so a service you are offering to the community?
That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.
That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.
But this relates directly to the BTC, since the measured volume will be BTC on an exchange, so they are closely linked.
October 01, 2019, 08:47:33 PM
Shouldn't this be in service discussion or service announcements, since it's not really related to BTC, but more so a service you are offering to the community?
That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.
That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.
October 01, 2019, 06:38:17 PM
Absolutely excellent service. All apparently major exchanges show very high volumes with wash trading. This can confuse the beginner investors. Coingecko became much more useful than coinmarketcap. Congratulations.
October 01, 2019, 06:25:29 PM
This is a very good precaution for faking volumes. Thanks to "Trust Score" feature, people are going to know the true values of exchange volumes. I will continue to use your website as long as you care about investors and people who are interested in cryptos.
September 30, 2019, 03:17:18 PM
This is a great news to all investors. Most exchanges these days fake their daily volumes just to attract project managers to list their tokens and coins over there. I really don't want to point fingers at any exchanges but at least if you've been in this industry for quite sometime you should know them by now
September 27, 2019, 09:06:46 AM
CoinGecko, Coinmarketcap and many other third-party data service providers are available within the industry offering free as well as premium services.
Basically everyone is using API data provided by exchanger and blockchain of coins.
Adding more parameter can give more transparency, trust, and a friendly environment to the trader to judge market condition, and information to users about the current status of specific coin listed on exchanges to analyze.
Basically everyone is using API data provided by exchanger and blockchain of coins.
Adding more parameter can give more transparency, trust, and a friendly environment to the trader to judge market condition, and information to users about the current status of specific coin listed on exchanges to analyze.
September 27, 2019, 08:49:31 AM
Congrats CoinGecko Team, You have done good job and using this many people can choose the right investment place over crypto exchanges. We know that you guys have the trust around the crypto community but you still made the massive on your website.
We expect more changes on your site to filter and bring the Legit crypto markets.
We expect more changes on your site to filter and bring the Legit crypto markets.
September 27, 2019, 08:38:54 AM
very good innovation from coingecko, this innovation will save trader for being trap by fake voume from many exchange. But if this one better than what shown on CMC , wonder why everyone still prefer using CMC than Coingecko
September 27, 2019, 04:54:04 AM
That's good news. Projects like this are always interesting for the crypto world.
September 27, 2019, 04:40:45 AM
A very commendable effort from coingecko, lots of fake trading volumes from shitty exchanges, I just keep wondering why some exchanges that I know have less solid project will be having high trading volume, I believe this will help combat fake exchange volumes
For sure! Their exchange page really looks good now. It's a much better representation and you see bad exchanges ranked all the way down despite having huge "trading volumes".
Than Trust Score from CoinGecko differs from the same in CMC ?
Very different, just look at their exchange page. CMC has MXC? BKEX? (What nonsense exchanges are these) on top while CoinGecko has Binance, Coinbase (those that you expect to be on top).
Furthermore, if you look into their coin page (https://www.coingecko.com/en/coins/bitcoin) you'll see that the top trading pairs are at least legit (i.e from Coinbase, kraken, binance). CMC one on the other hand... very inaccurate and misleading.
I no longer use CMC now, CoinGecko is more trustworthy with transparent info and better ranking.
This is a better step. We have been expecting Coinmarketcap to do something about fakes volumes and fake exchanges, but till now, not even warning about frequently reported fake exchanges or the plan to delist them. The problem I have is that I defaultly search at CMC.
CMC doesn't seem to want to do anything against fake volume exchanges. Their exchange page, coin trading pairs list is ridiculous.
September 24, 2019, 05:16:45 AM
Than Trust Score from CoinGecko differs from the same in CMC ?
September 21, 2019, 03:52:44 PM
A very commendable effort from coingecko, lots of fake trading volumes from shitty exchanges, I just keep wondering why some exchanges that I know have less solid project will be having high trading volume, I believe this will help combat fake exchange volumes
September 21, 2019, 02:40:06 PM
This is a better step. We have been expecting Coinmarketcap to do something about fakes volumes and fake exchanges, but till now, not even warning about frequently reported fake exchanges or the plan to delist them. The problem I have is that I defaultly search at CMC.
September 21, 2019, 01:45:25 PM
I really look forward to news like this. I think this good news will have an impact on the return of merchant confidence in a number of large markets (which usually use bot traders so that create fake volumes)
September 21, 2019, 01:07:25 PM
I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .
I could not agree with you less because i know that some exchanges has been practicing this in a long time and where they started from is from where they directly buy some of the coins themselves and then get profit on them after which they dump it on the market so that the project can actually collapse which they would have achieve two things, they would have already made profit from those projects and then at the same time benefit from the part of which you see it from also. If we start having regulations within ourselves like coin gecko is planning to do, i am sure that we will gradually start cleaning up the mess that some of these scammers have brought to the cryptocurrency market. Hope that they have started functioning already because i have not heard much from them.
September 17, 2019, 01:13:02 AM
I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .
September 16, 2019, 03:03:36 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
I usually use CMC, but this information will make me think, CoinGecko may attract more users, this is a good start, we will wait and see what CMC will do next 😆😆Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Since may till now, if they were really working perfectly, at least by now, we ought to have seen some changes in whatever it is they have done, but till date, everything that we see is still projects and exchanges with much more fake volumes, if the way they intend to curb it in their own way was effective, at least we should have heard that some dropped from top list to a very low level where they deserve, but we will still give them chance to proof themselves.
September 16, 2019, 07:28:39 AM
That could be bad news to several exchanges like Okex, Idax, Bitmax and other shady chinese exchanges. But that is not going to be the case because coinmarketcap is still the leading go-to for traders to check price movements and ranking. I personally don't like the ui of coingecko which looks garbage to be honest. But CMC will follow that then it will ruin the flow of the profit of those exchanges.
September 16, 2019, 06:51:57 AM
I doubt that their "Trust Score" will be any different from the CMC
September 14, 2019, 11:55:59 AM
Good. I never know what to believe with these so-called volumes. It takes too much time to find out how much data they use and work out if their volume is real or not, besides being out of the grasp of most people.
This is where you come in and do it for us. I trust Coingecko and have always used them. They give you almost all the info if not all of the info you need. Very easy to see and nice graphs.
I wonder what excuses exchanges will have for their bad volume scores on coingecko now that they cannot hide?
This is where you come in and do it for us.
I trust Coingecko and have always used them. They give you almost all the info if not all of the info you need. Very easy to see and nice graphs.I wonder what excuses exchanges will have for their bad volume scores on coingecko now that they cannot hide?
September 13, 2019, 09:41:03 AM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
I usually use CMC, but this information will make me think, CoinGecko may attract more users, this is a good start, we will wait and see what CMC will do next 😆😆 Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
September 13, 2019, 07:17:05 AM
Why do CoinGecko think they can provide more realistic data than CMC ?
no they arent only thinking it but they are doing it . coingecko before is already well known due to its accurate and fair information but look what they have here , they are now introducing new features .
coingecko is i think really better than cmc because i heard several positive reviews from them while i hear a couple of negative reviews from the side of cmc . some says cmc are llisting manipulative data's from exchanges and from some coins .
September 13, 2019, 03:57:57 AM
Good start to clean the shit
May 28, 2019, 09:05:01 PM
Coinmarketcap has a better traffic rank but with these new features Coingecko will pull a lot of traffic, and they can shorten the gap I'm using both but will use Coingecko more because of this new feature, I have no problem on both of their ads since I do my own research when I'm investing.
The tendency is for them to copy this tool. A simple search ends up can prevent several users from depositing money and end up losing.
May 28, 2019, 11:15:00 AM
Coinmarketcap has a better traffic rank but with these new features Coingecko will pull a lot of traffic, and they can shorten the gap I'm using both but will use Coingecko more because of this new feature, I have no problem on both of their ads since I do my own research when I'm investing.
May 28, 2019, 06:39:43 AM
Strongly appreciate and support this new policy. This will help traders and investors to analyze coins without having to manipulate market volume.
As it is known to many who think that the coinmarketcap might be a rival of Coingecko, where CMC recently worked with coin developers to manipulate volume, whether this news is true or false, I certainly hope Coingecko becomes the best market overview.
As it is known to many who think that the coinmarketcap might be a rival of Coingecko, where CMC recently worked with coin developers to manipulate volume, whether this news is true or false, I certainly hope Coingecko becomes the best market overview.
May 28, 2019, 05:40:28 AM
more choices of information is better for us and the market
May 19, 2019, 06:42:05 PM
Of course, we are most accustomed to coinmarketcap, but it has its drawbacks. Therefore, we need such projects. There were too many fake exchanges.
Maybe it's time for coinmarketcap now to do the same, they don't want to see people leaving their site because of the inaccurate information, right?
As an investor, we need an accurate information for us to have an accurate decision, this kind of platform really helps but I got used to searching info at https://coinmarketcap.com/,so hope they can act on this the soonest.
May 19, 2019, 04:52:28 PM
Of course, we are most accustomed to coinmarketcap, but it has its drawbacks. Therefore, we need such projects. There were too many fake exchanges.
May 19, 2019, 04:28:26 PM
I've stopped using coinmarketcap myself, coingecko is one of the better alternatives that I have been using. CMC has shown to be untrustworthy by advertising crypto scams and showing fake volume.
But CMC is the most popular cryptocurrency price tracking website. You will assure CoinGecko is providing fully real volume? CMC is something greedy i agree with you because they promoting scam project & those are showing up on the website.
May 19, 2019, 02:10:00 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Great to read these news. It's about time some of these websites start showing the real volume of the market.
That's some good stuff. Though unfortunately since majority are still geared towards CoinMarketCap, I don't think this makes that much of an impact. It's a step forward though; I just wish they'd do a re-make on their UI.
CMC does not show live trading price changes and volume and as more people come to this market they will start to look at other options too. Either coinmarketcap improves their website quality or sooner or later they will be left behind.
May 19, 2019, 01:36:47 PM
Dozens of crypto projects has recently resorted in manipulating volume by buying and selling their own tokens which is listed on new exchanges as a way to deceive investors that all is well. As coingecko is introducing Trust Score ,will help eliminate fake projects.
May 19, 2019, 12:59:40 PM
This is good thing. I really hope that also coinmarketcap com will introduce this so we can have a real situation if trust score work as it should work so we can see the real price and volume.
May 19, 2019, 11:54:12 AM
coingecko really doing something good on cryptoworld, and this trust score to combat fake exchange volume really help some trader to choose which exchhange that can be trusted.
May 19, 2019, 10:28:15 AM
I was very happy with the initiative but i think it needs to upgrade a lot. You can open a feedback area just to do this. Because holders always know is there any real volume on that exchange or not. It is very easy to find out also.
For instance, https://www.coingecko.com/en/coins/semux?utm_content=semux&utm_medium=search_coin&utm_source=coingecko in here, tokok btc/sem pair looks trusted but I know it is fake and only stex has real volume for semux and others are just fake.
https://www.tokok.com/market?symbol=SEM_BTC just watch a little bit. First, look to the order sheet and later start to watch trade history. You would understand something in right in 5 minutes.
You are on the right path with trust score but if you can't give accurate information you would harm the ecosystem more than fake volume.
For instance, https://www.coingecko.com/en/coins/semux?utm_content=semux&utm_medium=search_coin&utm_source=coingecko in here, tokok btc/sem pair looks trusted but I know it is fake and only stex has real volume for semux and others are just fake.
https://www.tokok.com/market?symbol=SEM_BTC just watch a little bit. First, look to the order sheet and later start to watch trade history. You would understand something in right in 5 minutes.
You are on the right path with trust score but if you can't give accurate information you would harm the ecosystem more than fake volume.
May 19, 2019, 10:17:11 AM
I've stopped using coinmarketcap myself, coingecko is one of the better alternatives that I have been using. CMC has shown to be untrustworthy by advertising crypto scams and showing fake volume.
That is a really bad situation and what you did is what customers should do and probably mail them or let them know somehow what they are doing wrong.
They shouldn't be advertising scams at all, they should hire people and set up a process that checks those projects but if they show fake volume for real then they are probably not that good people. Just have to find much more honest ones.
May 19, 2019, 05:07:49 AM
This is a welcome development. This follows the recent decision of coinmarketcap.com to remove exchanges that don't provide mandatory order data. It's time for proper accountability and transparency in the crypto market space.
May 19, 2019, 01:18:12 AM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
That's a good move, I have been using coinmarketcap since my introduction to cryptocurrency and I'm still now, but with this feature, I will bookmark your site for comparison, investors and traders wants transparency so they can trade effectively and that trust score feature is going to be a big help.
May 19, 2019, 12:18:17 AM
using such data for the trust Score is a good idea as this would reflect the real activities going on the exchange platform as crypto traders trade their cryptocurrencies. Most exchanges use fake volumes and some even fake their general statistics to lure projects to list on their cryptocurrency exchange platform.
May 18, 2019, 11:15:15 PM
It's good news. We need to clean up this industry and call out the shady behavior, because it's this type of thing that makes people question the legitimacy of cryptocurrencies and thus investing in them. While regulations can address some of these issues, plenty of can be resolved internally within the industry.
May 18, 2019, 05:24:16 PM
I think it is a good idea. I have been using coingecko for a long time, it is one of the most helpful and most frequently visited sites I use. The trust score sounds very interesting.
I really want to see how it is implemented. It will be nice to see what the outcome is of different exchanges and if anyone is shocked or surprised by some of the exchanges.
As far as I know, there is no other service like this. Very helpful in choosing what exchange to trust.
I really want to see how it is implemented. It will be nice to see what the outcome is of different exchanges and if anyone is shocked or surprised by some of the exchanges.
As far as I know, there is no other service like this. Very helpful in choosing what exchange to trust.
May 18, 2019, 02:15:42 PM
This is a right step towards edging out deceptive exchanges that cheats unsuspecting traders or investors.
There have been reported cases of exchanges faking volumes of coins traded with their exchanges which coinmarketcap could not validated however coigecko addressing the anomaly will encourage investors to view their site to ascertain the genuine volume traded using the scorecard and ordetdata.
There have been reported cases of exchanges faking volumes of coins traded with their exchanges which coinmarketcap could not validated however coigecko addressing the anomaly will encourage investors to view their site to ascertain the genuine volume traded using the scorecard and ordetdata.
May 18, 2019, 09:47:16 AM
I prefer mostly coigecko to coinmarketcap because they add more coins and i have way many shittokens which i can track on coingecko. They just need to improve their visual a bit. And after that act, they passed to the next level. Even i don't use there much, i hope coinmarketcap would enable similar thing for sake of the crypto world.
May 16, 2019, 04:01:35 PM
This initiative by Conigecko is a laudable one indeed and i am impressed that at once many efforts are being put in place from all angles to get all the bad nuts from the cryptospace. This would help get rid of all the exchanges that uses fake trading volumes to deceive project managers and investors to list their tokens and also trade there respectively. Exchanges like Hitbtc would be down in no time with this initiative in place. Thank you Coingecko!
May 16, 2019, 03:34:10 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Finally something newer and better than coinmarketcap exist.
Many people got tricked by exchange volume that listed in coinmarketcap because those are fake
May 16, 2019, 03:02:02 PM
Great. With the recent case of NegocieCoins this is more than welcome. Although we Brazilians, at least some of us, were already suspicious of the volume above normal while other pairs were well below and visits to the site were low ... Even if other users see the CMC soon that score will be copied.
Even i was skeptical of Negocie Coins as they are showing a billion dollar volume which is really huge for any exchange and i have not heard that name earlier and it is a shady business if they are misleading everyone with fake volumes and those exchanges should be avoided as you never know when they will run away with the user funds. It is a good initiative from coingecko but i am not sure how accurate they can analyze the volumes.It is a way of watching, but it is extremely important to escape this kind of exchnage. CoinGecko is initiating this to at least try to assist users.
May 15, 2019, 07:53:43 PM
Finally some good incentivates are starting to pop up. CoinGecko will certain get more attention on new users by introducing this new trust score funcionality.
Since most of investors are worried about fake exchange volumes and scammers all over the place.
Maybe we will see more exchanges taking this measure
Since most of investors are worried about fake exchange volumes and scammers all over the place.
Maybe we will see more exchanges taking this measure
May 15, 2019, 07:44:54 PM
WebTraffic doesn't make any sense. It would be better if it was possible to audit with some regularity cold and hot wallets and compare to see if the volume is true.
May 15, 2019, 06:51:24 PM
They are only doing what they can in order to make their site more popular compare to other websites. Their update is very interesting and I am pretty sure that it can help many investors and project owners.
Though I am sure that it is only part of their marketing techniques to gain more visitors but if they can make this update 100% successful without any bias in the future. Then I am pretty sure that CoinGecko will dominate other websites.
Though I am sure that it is only part of their marketing techniques to gain more visitors but if they can make this update 100% successful without any bias in the future. Then I am pretty sure that CoinGecko will dominate other websites.
May 15, 2019, 04:29:46 PM
That's some good stuff. Though unfortunately since majority are still geared towards CoinMarketCap, I don't think this makes that much of an impact. It's a step forward though; I just wish they'd do a re-make on their UI.
Majority of the users see coinmarketcap as the ultimate source of all the information, but the volumes they are showing are fake for a very long time. Initially the fake volumes by the Chinese exchanges and since they are closed we do not see them posting those huge volumes but now we have fake volumes in majority of the exchanges. Thanks Coingecko for the initiative and i would like to know how you are going to determine these volumes if the exchange starts creating fake order books to get a good score. May 15, 2019, 03:27:05 PM
This is a good idea. CMC is just simply too big that of course they're gonna try to affect the market by lying about volume
May 15, 2019, 02:56:11 PM
I have been using coingecko from the beginning of the year over coinmarketcap and from this new news about trust score I think it is heading in the right direction to become the go to site for alt coin and price checking on cryptocurrencies.
May 15, 2019, 02:36:55 PM
It is good thinking but i would prefer something other than this: " Average Daily User Trading Volume (ADUTV) for each exchange."
It is very easy to check if an exchange has a fake volume or not. You enter a pair and watch trades a minute or so. And if an exchange faking any volume its volume shouldn't consider at all. If all listing websites act like that no exchange would fake volume.
It is very easy to check if an exchange has a fake volume or not. You enter a pair and watch trades a minute or so. And if an exchange faking any volume its volume shouldn't consider at all. If all listing websites act like that no exchange would fake volume.
May 15, 2019, 02:17:40 PM
Coingecko is getting more advanced, and give more useful information. I also rarely open coinmarketcap and prefer coingecko because it can directly check crypto to crypto or to fiat.
now coingecko adds a "trust score" feature, this will make even easier for us to know which market is legit and which should be avoided. thanks!
now coingecko adds a "trust score" feature, this will make even easier for us to know which market is legit and which should be avoided. thanks!
May 15, 2019, 09:23:02 AM
I've stopped using coinmarketcap myself, coingecko is one of the better alternatives that I have been using. CMC has shown to be untrustworthy by advertising crypto scams and showing fake volume.
May 15, 2019, 09:03:07 AM
coingecko issued a "trust score" feature for me this is very great feature. This feature should have been provided long time ago by all cryptocurrency market capacity service providers. because all this time some exchange markets accused providing fake market capacity and monopolized. hope this feature be an example for other to give honest market capacity without manipulation.
This fake volume issue became a big thing just recently which is why it makes sense why websites like Coingecko didn't do anything about this earlier. I do hope bigger and more popular sites like CMC take note and follow a similar route in the near future.Well, isn't it good that they're doing something about it now?
I've pretty much switched from using Coinmarketcap to Coingecko whenever you guys made an announcement on Steemit.
It was a bit of adjusting for me, I got so used to CMC's interface, but now I actually prefer GoinGecko's interface.
May 15, 2019, 08:30:17 AM
coingecko issued a "trust score" feature for me this is very great feature. This feature should have been provided long time ago by all cryptocurrency market capacity service providers. because all this time some exchange markets accused providing fake market capacity and monopolized. hope this feature be an example for other to give honest market capacity without manipulation.
This fake volume issue became a big thing just recently which is why it makes sense why websites like Coingecko didn't do anything about this earlier. I do hope bigger and more popular sites like CMC take note and follow a similar route in the near future. 
May 15, 2019, 07:56:42 AM
This is a great idea since markets with fake volume often gets the trust of a new trader and it would be such a misfortune if a person that wants to try new things for money had a bad start and left the crypto scene earlier and he/she misses an opportunity due to it.
May 15, 2019, 07:10:03 AM
coingecko issued a "trust score" feature for me this is very great feature. This feature should have been provided long time ago by all cryptocurrency market capacity service providers. because all this time some exchange markets accused providing fake market capacity and monopolized. hope this feature be an example for other to give honest market capacity without manipulation.
May 15, 2019, 06:32:56 AM
So you are going to track the web traffic towards all crypto exchanges?That doesn't seem like a valid measure.Web traffic can be faked pretty easily as well.Their orderbook data can be faked as well.
A good step but relying on traffic will not make a fundamental difference. I hope to add more filters and leave the option for the user to reconfigure his or her own "Trust Score."Also, please add the same thing to coins/tokens/ICOs as many rely on the default ranking system to judge the credibility of the project.
The strange thing is that you categorized YoBit as "CENTRALIZED,"
we all know the dark behavior of that platform.it is a centralized exchange, and not a decentralized one. i think traffic is a start a good indicator for now
May 14, 2019, 08:26:11 AM
that's good news, I think only part of the market is really real in trading volume, I often visit Coingecko, Binance is one of the most reliable exchanges
May 14, 2019, 07:55:54 AM
So you are going to track the web traffic towards all crypto exchanges?That doesn't seem like a valid measure.Web traffic can be faked pretty easily as well.Their orderbook data can be faked as well.
They only to combat fake trading volume is to adopt decentralized exchanges,where nobody can mess around with the trading volumes.
They only to combat fake trading volume is to adopt decentralized exchanges,where nobody can mess around with the trading volumes.
that is what i was also thinking about but usually the exchanges that i see faking their volume are only reporting a fake (final) volume without bothering to change much else. this is specially true for smaller exchanges and those super shady ones like Yobit. so such scores can eliminate a lot of them easily.
this only becomes a problem with big and popular exchanges who know well how to hide their track.
May 14, 2019, 07:44:47 AM
If you're able to track different exchanges' fake volumes then you're exactly offering a great service. Fake volume is always deceiving and it's a big advantage if it would be tracked. They mislead traders which result to losses and it's really causing a lot of struggle for most investors.
May 14, 2019, 07:37:56 AM
Great. With the recent case of NegocieCoins this is more than welcome. Although we Brazilians, at least some of us, were already suspicious of the volume above normal while other pairs were well below and visits to the site were low ... Even if other users see the CMC soon that score will be copied.
Even i was skeptical of Negocie Coins as they are showing a billion dollar volume which is really huge for any exchange and i have not heard that name earlier and it is a shady business if they are misleading everyone with fake volumes and those exchanges should be avoided as you never know when they will run away with the user funds. It is a good initiative from coingecko but i am not sure how accurate they can analyze the volumes. 
May 14, 2019, 03:35:19 AM
I still can't get why all those exchanges are faking their volume. Most of such exchanges are located somewhere in asian countries and their target audience are also asian traders that are always using exchanges that are located in their countries. Also those exchanges sometimes are not even usable for non asians simply because they don't have a proper translation.
So they don't have the real competition that the other exchanges have and why do they need to fake their volume?
So they don't have the real competition that the other exchanges have and why do they need to fake their volume?
May 14, 2019, 03:31:04 AM
So you are going to track the web traffic towards all crypto exchanges?That doesn't seem like a valid measure.Web traffic can be faked pretty easily as well.Their orderbook data can be faked as well.
A good step but relying on traffic will not make a fundamental difference. I hope to add more filters and leave the option for the user to reconfigure his or her own "Trust Score."Also, please add the same thing to coins/tokens/ICOs as many rely on the default ranking system to judge the credibility of the project.
The strange thing is that you categorized YoBit as "CENTRALIZED,"
we all know the dark behavior of that platform. May 14, 2019, 03:09:09 AM
I just wish they'd do a re-make on their UI.
Seriously yeah, their interface isn't that clear as CMC like there's a lot of uncertain data that should be remove.Is binance and coingecko have some kind of partnership?
If this really gonna happen then it can surely grab everyone's trust but I doubt it can be a 100% accurate or at least reliable.
May 14, 2019, 02:54:17 AM
Quite often some form of similar features get into existence, but till date no big change has been experienced. Even with hard inspections it is unable to keep things into control, anyhow what's been taken forward by coingecko is truly a good effort to keep the crypto community informed about each and every activity happening with exchanges.
May 14, 2019, 02:42:59 AM
This is Good News! This had to be done to remove Fake volumes, but it would have been great if CMC would have added this feature. Everyone knows CMC and very few people know about coingecko. This new feature might change the game.
Let's see what CMC does now
Let's see what CMC does now
May 14, 2019, 02:04:03 AM
Well, it's a good start. Recently there had been a lot of new exchange that is at your first glance has a good volume somehow, but once you use their exchange the real volume will show, there are a lot of fake orders and bot trades. This kibd of implementation could help traders or even projects on choosing the platform they are going to use.
May 14, 2019, 01:09:37 AM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
So you are going to track the web traffic towards all crypto exchanges?That doesn't seem like a valid measure.Web traffic can be faked pretty easily as well.Their orderbook data can be faked as well.
They only to combat fake trading volume is to adopt decentralized exchanges,where nobody can mess around with the trading volumes.
May 14, 2019, 01:03:43 AM
A much needed change I think. Many traders are still relying on trading volumes and are unaware of these fake ones. This could be a better measure that what that other site offers
May 14, 2019, 12:49:15 AM
A good news there, with this introducing a new way to combat fake exchange volume i hope people will start using coingecko more than coinmarketcap.
It's also amazing though binance CEO also tweeting about this news.
It's also amazing though binance CEO also tweeting about this news.
May 13, 2019, 11:56:54 PM
Great. With the recent case of NegocieCoins this is more than welcome. Although we Brazilians, at least some of us, were already suspicious of the volume above normal while other pairs were well below and visits to the site were low ... Even if other users see the CMC soon that score will be copied.
May 13, 2019, 11:52:55 PM
That's some good stuff. Though unfortunately since majority are still geared towards CoinMarketCap, I don't think this makes that much of an impact. It's a step forward though; I just wish they'd do a re-make on their UI.
May 13, 2019, 10:37:53 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Jump to: