cryptocurrency trading volume is likely fake

[juv3ntus1]

Yes it's true a lot of exchange are using the wash trade just to have a big volum of tradinng.And some project are fake trading volum to go on coinmarketcap.(https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap)

[Pegasus]

There are many exchanges in the article that I've never heard about. With Binance being the largest crypto exchange in the world, it's very unusual that an exchange has higher volume than it, especially a less known exchange. It's super risky to trade on these exchanges because of liquidity issue.

[EtherFenix]

Many popular and less known exchanges have bots that crank up the volume of trades, but I know that the Bittrex exchange does not have such bots

[sturec22]

Yeah actually that is true and one of the reasons that we are having this fake bull market. There were researches to identify the fake volumes but no conclusion was made. I check bitfinex and bitstamp for real volume

[sampoerna]

I think not all exchanges have fake trading volumes. For a trusted exchange like Binance, it seems to not happen. In this case, the fake volumes commonly seem to manipulate in order to attract people to join the exchange. But for Binance, it shouldn't happen because it is already the number 1 exchange in the world.

[zilzylian]

Some crypto exchanges may carry out passive volumes to increase the number of real investors who want to trade on their platforms, but now there are many new exchanges and we can choose exchanges that don't have fake volumes but few investors trade there

[bountyecrire]

I read an article about this, big exchanges like Binance have 99% real volume, but there are some fake volume exchanges. But also, some people/companies use bots to trade, we cannot say that is fake.

[I-Bit]

Very sorry to see this, but this is really a fact. There are several exchanges that have deliberately made fake trading volume and price manipulation to attract members and investors in the coins and exchange. So we must really understand which ones are real and that they should be accounted for.

[sidkz]

yes of course many exchanges with counterfeit volumes
I placed orders for the sale of tokens and was at the bottom of the list
the history shows that purchases are going but my tokens are standing

[muneerashine]

For a people who has more than enough, they can easily manipulate the price and create a fake volume , and also those exchanges just to show they have a huge volume and to get the trust of crypto investors.

[Confero]

Yes that can happen, but it will only be done by small exchanges, the purpose of which is to attract someone to enter and trade on the Exchange.  But this certainly will bring negative things, because what we see is not in accordance with reality.

[Goodcat49]

This information is not new, nobody can say for sure if the particular exchange has fake trading volume or no.

[Prime]

This information is not new, nobody can say for sure if the particular exchange has fake trading volume or no.

Indeed. Fake volume issues have already there for years, but for top exchanges, these issues should be not true. Binance, is one the example that the trusted exchange in the world. I doubt if it has fake volumes.

[kent47400]

Bitmax is very dominant with falsehood but in Bitmax there are also lots of good coins to trade.
I think maybe Bitmax will change management in its exchange so that it can be even cleaner because Bitmax has good potential to continue to exist in the world of exchange cryptocurrency.

[Octoalts]

 

Many popular and less known exchanges have bots that crank up the volume of trades, but I know that the Bittrex exchange does not have such bots

Yes that might be true, and that was also done by an Exchange with the aim of attracting the attention of Crypto traders to enter the Exchange.  If we know that there is an Exchange like that, we have to tell our other friends.  And we better trade on proven Exchange like BittreX that you say.