Topic: Is this the only solution to fake volumes on Exchanges? (Read 133 times)
I believe all exchanges do that, the largest ones included, because the market is not regulated. This practice may look harmless but by faking volume you are tricking investors into believing a coin has large volume, while it may not be the case. I have heard a huge number of dollars like $3 billion of daily trade is faked. Something has to be done with respect to trading to make the space clean of manipulation.
There are almost no regulators on the market, so the exchanges are not afraid of anyone and do what they want, I just trust only the big ones.
Most of the new exchanges are faking the volume just to stay in the competition and attract more users but i think transparency is very important in the business like exchange so i would not support this strategy by exchanges, some what trading bots are also responsible for creating fake volumes, i think there should be some rules to avoid fake volumes from exchanges.
In this BloombergTV interview, Galia Benartzi of Bancor amongst other subjects discusses fake volumes on exchanges.
https://www.youtube.com/watch?v=9-MVw2wjoYQ
https://www.youtube.com/watch?v=9-MVw2wjoYQ
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