To be honest many exchanges were faking their trading volumes and you can find it when you watch the trade orders from both sides of buy and sell but the exchanges like Binance are having real volume but it doesn't mean they can't be manipulated.It maight be done by individuals who holds bigger amount of cryptos or just by the people from exchange who also maybe a whale.But it is very good that governments having regulations like these to crypto trading platforms.
I once encountered a fake pump, and it seemed like it was a fraud, but indeed what I met in a less well-known exchange. maybe indeed it was done by individuals with a specific purpose. after that the price dropped again very dramatically 
Topic: Cryptocurrency Exhanges - South Korea - page 4. (Read 561 times)
It's a fact.
Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time.
Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time.
To be honest many exchanges were faking their trading volumes and you can find it when you watch the trade orders from both sides of buy and sell but the exchanges like Binance are having real volume but it doesn't mean they can't be manipulated.It maight be done by individuals who holds bigger amount of cryptos or just by the people from exchange who also maybe a whale.But it is very good that governments having regulations like these to crypto trading platforms.
It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes.
Try to compare trading volumes with market capitalization and also check up recent orders and trades.
Try to compare trading volumes with market capitalization and also check up recent orders and trades.
Wash trading is a disease, the problem is we don't know how to detect them asap. Even Upbit got the same accusation, they're one of the major exchanges in South Korea IIRC. Let's hope the government intervention can prevent shit like this in the future (quite ironic tbh).
Anyway, if you have doubt, your alternative would be to use some services like Shapeshift or Changelly, but you also need some degree of trust. DEX is also a good choice if you only trade tokens. If you're really paranoid, then atomic swap should be the answer.
At this moment, it is nearly impossible not to use centralized exchanges if you want to trade different coins, so your best choice is to use them when you want to trade and then withdraw any funds when you're finished. With pretty much praying the exchange won't get hacked when you still have an order.
Anyway, if you have doubt, your alternative would be to use some services like Shapeshift or Changelly, but you also need some degree of trust. DEX is also a good choice if you only trade tokens. If you're really paranoid, then atomic swap should be the answer.
At this moment, it is nearly impossible not to use centralized exchanges if you want to trade different coins, so your best choice is to use them when you want to trade and then withdraw any funds when you're finished. With pretty much praying the exchange won't get hacked when you still have an order.
South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea.
This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume.
https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/
I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange?
Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that.
This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume.
https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/
I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange?
Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that.
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