Topic: Fake Volumes Cryptocurrency Exchange. Solution. (Read 165 times)
Yes, simple regulate all the exchanges and therefore because they will have somebody to answer to nobody will pull this. Quite sad that this is kind of activity still rampant and it needs to be stopped ASAP!
Given that the exchanges operate in a near unregulated space there really doesn't seem to be much that can be done about it. I wouldn't say that it is most major exchanges however, Huobi and OkEx are the main two that are constantly facing accusations, I'm fairly sure binance's volume is all legit
Hello,
Cointelegraph.com published today an article titled "Volumes on Most Major Cryptocurrency Exchanges Are Fake or Inflated: Study".
https://cointelegraph.com/news/volumes-on-most-major-cryptocurrency-exchanges-are-fake-or-inflated-study
Do you have any solution that could be used in order to find these fake volume exchanges?
One solution would be to do some random huge trades with real money in order to see the incurred slippage (I suppose that the exchanges that use fake volumes do not match a real trade with a fake trade).
A third-party audit would be another solution, but this is quite hard to implement.
If you have any ideas, please say so that we will make this rigged market a better place.
Cointelegraph.com published today an article titled "Volumes on Most Major Cryptocurrency Exchanges Are Fake or Inflated: Study".
https://cointelegraph.com/news/volumes-on-most-major-cryptocurrency-exchanges-are-fake-or-inflated-study
Do you have any solution that could be used in order to find these fake volume exchanges?
One solution would be to do some random huge trades with real money in order to see the incurred slippage (I suppose that the exchanges that use fake volumes do not match a real trade with a fake trade).
A third-party audit would be another solution, but this is quite hard to implement.
If you have any ideas, please say so that we will make this rigged market a better place.
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