Topic: Fake Volumes - exchangers (Read 122 times)
over $4-5 billion dollars of daily volume is nonexistent. i think it's a big problem
99,99% of exchangers are shits: 
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
As far as I know, that only fake volumes has happened in the past is the Chinese trading exchanges. That's why around the same time last year, PBoC closes some of them and eventually last September they totally shut it down.
~snip~
As a community, we just need to place less emphasis on these stats and figures that are likely completely meaningless.
Yeah, 100% agree. I wouldn't delved that much stats. If you think that the exchanges that you are using have fake volumes then moved on to some trusted sites and make your journey.
For the exchanges that allow zero-fee trading, that encourages fake volume too, since people can abuse that to manipulate prices and target a desired figure via High Frequency Trading.
i don't think we can call that "fake" volume. as long as there are real trades taking place between real people, no matter what the fees are or what the strategy is, the volume it produces can not be fake.
i think a better term for exchanges with 0 fees is "exaggerated volume".
It's been an issue for years, probably since before most of us even jumped on the rollercoaster. And there's not really anything that can be done about it until decentralised exchanges or cross-chain transactions become commonplace. If literally anyone can open a centralised exchange, they can also manipulate their figures by utilising trade bots, moving funds between hot wallets to look like legitimate traffic and probably other methods as well. For the exchanges that allow zero-fee trading, that encourages fake volume too, since people can abuse that to manipulate prices and target a desired figure via High Frequency Trading. It's not easy to audit, but at the same time we don't want to drown the whole thing in regulation and red tape just to make it easier to audit.
As a community, we just need to place less emphasis on these stats and figures that are likely completely meaningless.
As a community, we just need to place less emphasis on these stats and figures that are likely completely meaningless.
99,99% of exchangers are shits:
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
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