Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Riya143 on July 29, 2020, 08:20:54 AM
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Coin Metrics has devised a new framework for evaluating how trustworthy a crypto exchange and its volume data really is. Only a baker’s dozen made the cut.
The team at crypto analytics firm Coin Metrics has architected a new framework for evaluating how reliable exchange volume data really is. And based on the firm's methodology, real crypto trading volumes are close to one tenth of those reported by most exchanges.
Read More: https://decrypt.co/37027/crypto-exchanges-market-trading-volume-coin-metrics
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It's a big surprise that OKEx fails all of the three tests. So far, I always think that Binance, Huobi and OKEx are top 3 largest exchanges. Kucoin, a decent exchange also fails in one test. Aside from these two exchanges, I don't find anything strange with the others.
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These platforms are generally still considered to be doing business with less regulations as they are situated in different parts of the world where laws can be lax and not implemented strictly. I am hoping that exchanges based in USA can be doing well on this regard. Let's see if in the years to come there will be solid improvements and changes on this concern.