Haven't seen this posted here so just wanted to share.
Recently The Tie released their findings of a study on the extent of volume manipulation by cryptocurrency exchanges. To no one's surprise, they found extensive manipulation amongst many cryptocurrency exchanges.
Link to Tweet: https://twitter.com/TheTIEIO/status/1107671178423033858
Single thread for ease of viewing: https://threader.app/thread/1107671178423033858
The Blockchain Transparency Institute also publishes a list of exchanges that are suspected of inflating their trading volumes. Since different methodologies and samples were used, different results should be expected. But just for fun, how do their results compare against those of The Tie's? We used The Tie's "Low Potential Fake Volume" exchanges and compared them to Blockchain Transparency Institute's latest reports and this is what resulted.
Our lay man's conclusion: Pretty close match if you ask us.
Legend
The Tie
1. tick = a Low Potential Fake Volume exchange
BTI
1. tick = not on the exchange advisory list ie. not suspected of manipulating volume.
2. cross = on the exchange advisory list ie. suspected of manipulating volume.
3. blacked out = not covered by BTI research.
Recently The Tie released their findings of a study on the extent of volume manipulation by cryptocurrency exchanges. To no one's surprise, they found extensive manipulation amongst many cryptocurrency exchanges.
Quote
In total we estimated that 87% of exchanges reported trading volume was potentially suspicious and that 75% of exchanges had some form of suspicious activity occurring on them.
Link to Tweet: https://twitter.com/TheTIEIO/status/1107671178423033858
Single thread for ease of viewing: https://threader.app/thread/1107671178423033858
The Blockchain Transparency Institute also publishes a list of exchanges that are suspected of inflating their trading volumes. Since different methodologies and samples were used, different results should be expected. But just for fun, how do their results compare against those of The Tie's? We used The Tie's "Low Potential Fake Volume" exchanges and compared them to Blockchain Transparency Institute's latest reports and this is what resulted.
Our lay man's conclusion: Pretty close match if you ask us.
Legend
The Tie
1. tick = a Low Potential Fake Volume exchange
BTI
1. tick = not on the exchange advisory list ie. not suspected of manipulating volume.
2. cross = on the exchange advisory list ie. suspected of manipulating volume.
3. blacked out = not covered by BTI research.
It is not that it is more false than real, what happens is that each Exchange handles its own volume, they do not have the consolidated volume, and in fact the actual volume almost by many Exchanges is not very well displayed.
To analyze the volume well, it is necessary to have the consolidated and still does not exist, there are still missing tools or pages where the contents of localbitcoins and some Exchanges that are Koreans, since these volumes do not have enough analysis of the market as such, because There is a lack of information, and each Exchange manages the volume of each one, which always guides me is Bitfinex, since that is where all the major movements take place, but nevertheless, it is necessary to review the volumes of all the most important Exchanges, for have a much more complete analysis.
