This is really sad. even all those exchange that naturally people will think they are very transparent and fair. all this make me even begin to think there maybe more to this in term of shady business these numerous exchanges might be into. money laundering etc.
The amount of regulation in the market of cryptocurrencies is low and it is likely that is going to remain that way for a long time because exchanges are going to try to avoid to establish themselves in countries which have very heavy regulations against them, so while we do not have proof about the wrongdoings of exchanges it is quite likely that some of them are committing some illegal activities. 
Topic: Don't Believe The Trading Volumes On Most Exchanges (Read 660 times)
Yeah when I looking for some exchange I figure out a lot of exchange do fake trade and bot. That means their volume is fake and just manipulated by them or by big player.
Only little exchange who have fair volume trade and not doing fake trade.
Only little exchange who have fair volume trade and not doing fake trade.
I agree with you that many exchanges use false data to attract traders to join them, but I think there are many real and reliable exchanges, such as Binance.
I have noticed this most especially in many of the new trading platforms. probably they are doing that to attract more people to the platform.
Not on the new only. As I saw in the investigation recently it happens on the all big exchanges exclude binance and bitfinex. Watch on the order list. Do you think many orders with 1-2 tokens are real? No doubt it's a botIt would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
This is been a known problem for a long time, people are going to choose naturally the exchanges that have the most volume, so exchanges have all the motivation to lie about the money that is moving through their system because they want to be the exchange that has the most volume so they can attract the most clients and to be honest I do not really see a solution to this problem. 
I have noticed this most especially in many of the new trading platforms. probably they are doing that to attract more people to the platform.
Not on the new only. As I saw in the investigation recently it happens on the all big exchanges exclude binance and bitfinex. Watch on the order list. Do you think many orders with 1-2 tokens are real? No doubt it's a bot It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
I also heard about those bots that can really control the volume and liquidity of an altcoin. In my opinion, we should choose a good trading platform or exchange in order to be safe about this incidents.
I have noticed this most especially in many of the new trading platforms. probably they are doing that to attract more people to the platform.
South Korea's Biggest Crypto Exchange Allegedly Faked $250B in Orders
https://cryptomenow.com/south-koreas-biggest-crypto-exchange-allegedly-faked-250-billion-in-orders/
Same thing with Upbit, one the top Korean exchanges.
https://cryptomenow.com/south-koreas-biggest-crypto-exchange-allegedly-faked-250-billion-in-orders/
Same thing with Upbit, one the top Korean exchanges.
Quote
two executives of Upbit and a major shareholder of the company were arrested by local police on December 21 under allegations of conducting fraudulent operations and manipulating the cryptocurrency exchange market.
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
Including binance, houbi pro and okex exchange are all wash trading.. the most legit exchange volume today up in the crypto space is still bittrex 
The article says only 2 out of the 25.
Well its all for the media games though. Even if we believe it or not, nothing will ever change to it, bots are being used to trade by pro who bought trading EA. This includes the arbitrage bots. I think it also happen on other markets like the stock and FOREX.
Quote
“Most of these pairs’ actual volume is under 1% of their reported volume on CMC. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex.”
Well its all for the media games though. Even if we believe it or not, nothing will ever change to it, bots are being used to trade by pro who bought trading EA. This includes the arbitrage bots. I think it also happen on other markets like the stock and FOREX.
I believe that you gave us the right instructions. Most of the time I only want to trade on mainstream exchanges because they are safer.
It must be acknowledged that crypto users are very easily influenced by various news, even with daily transaction volumes that can make people's decisions change, of course people will focus on large transaction volumes so they also follow trends and I suggest not to believe that.
I completely agree. Now all the exchanges artificially increase trading volumes as a result of such a market!
Yes, this is absolutely false. The cryptocurrency market is very low and there are almost no coins to buy. The continued decline in the market will not make people risk investing in buying, so only the market recovery transaction can change the trading volume of the exchange.
Chinese exchanges were faking volume from the start. When Huobi and the rest were created years ago they had a lot of problems with Chinese regulators. We can expect that this is still happening, especially on some smaller exchanges with high volume. This is not that difficult to prove and in time will lead to wash trading exchanges being exposed and weeded out of the market.
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
What does the exchange earn? The exchange receives a percentage of the transaction and the amount for the filled coins. Of course, they will provide fictitious information or create artificial trades just to get more money from the projects, and from all those who use the exchange.
This has been going on for a long time but people don't know, I got to know about fake volume on exchanges when I participated in Bitdepositary Q-ratio ICO and the CEO Tobias accused hotbit of using fake volume, so he insisted that hotbit should delist it's token on the exchange and to me that is a scam, I hope scam can be reduced to barest minimum or eradicated completely
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
Well if that happens so, there might be a possibility that they can control the money in the cryptocurrency space resulting to lessen the trust of people in investing their money to it since there are bots that can manipulate it.
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded
This is sad but this is true, I have recently tried to sell UPP on Bibox, coinmarketcap shows volume of millions dollars, but when I placed order below market price, nobody bought it during 2 days, but bots sell each other small orders all the time.
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