Coingecko combatting fake volume on exchanges

[ZionRTZ]

Coingecko has introduced its Trust Score recently to fight fake exchange volumes. I think this is a much needed change since many are still relying on volume when choosing an exchange to trade but are unaware that those volume are manipulated.

More at https://blog.coingecko.com/trust-score/

[aiviaa485]

Even newly emerging Exchange can manipulate the volume of altcoins and Bitcoins in circulation, so that Coinmarketcap always gives the highest rating when the volume becomes more numerous.
I also hope that CoinGecko can solve this problem because if you need the CoinMarketcap, you don't need him (but it must be a lot, like cryptocompare ---> https://www.cryptocompare.com/)

[gotbounty]

It is a good breakthrough, people will be easier to determine good exchanges without fake volumes. I think all exchanges should have their own "Trust Score". It will lead to the trust of people to the exchanges their selves.

[MUGNIA]

absolutely right, changes must be made because with trading volume fraud it is very detrimental to buyers and sellers,
itself, hopefully the offered trust score can eliminate the market that often manipulates volume

[ZionRTZ]

Even newly emerging Exchange can manipulate the volume of altcoins and Bitcoins in circulation, so that Coinmarketcap always gives the highest rating when the volume becomes more numerous.
I also hope that CoinGecko can solve this problem because if you need the CoinMarketcap, you don't need him (but it must be a lot, like cryptocompare ---> https://www.cryptocompare.com/)

Cryptocompare is a good alternative to CMC. Updates are fast, I just hope both Coingecko and Cryptocompare can improve their interface. If they can do that, many more will use their platform.

[OptimusPrime]

I am still trying to figure out how they intend to combat Fake volume exchanges and with what tool. This Fake volumes has been here for a long time and they never did anything so I wonder why it became so important to them now

[Bobcrypto]

I think that Coingecko is on the path of making exchanges more genuine in determining coin volume for the benefit of everyone. Many crypto enthusiasts have experienced many of these exchanges trying to play tricks with coin volume to enhance their exchanges popularity but with this effort made coingecko, i believe many exchanges site will begin to give accurate info on coin volume.

[ayatoslaw]

I'm one of the coingecko users in Android,
and the fake volume detect feature I've never heard of,
instead I found a bug, many coin lists on Coingecko appeared 2 to 3 times, I often saw that in the Android application.

[aiviaa485]

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Yeps, because as usual the two platforms have an unattractive User Interface.
But there is an effect, too, if the interface is changed every 3 months, then more funds are needed for the #DevelopmentTeam  to spend money, time and effort. 

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Always a BUG in terms of digital access without exception as I said, once every 3 months the system must always be updated. 

[masterrex]

Coingecko has introduced its Trust Score recently to fight fake exchange volumes. I think this is a much needed change since many are still relying on volume when choosing an exchange to trade but are unaware that those volume are manipulated.

More at https://blog.coingecko.com/trust-score/

I think the crypto-market is badly needed these kind of inniatives. Since the Cryptocurrency are mask with faked, faked volumes, faked teams, faked ICO's and its damaging the whole space affecting legitimate platforms, I hope others will follow kudos to Coingecko for this fruitful inniative.

[Laslo]

I think that's the right decision. Almost all the exchanges use trading bots to fake the trading volume, which buy and sell cryptocurrency, creating the appearance of trading activity. Artificial trading volumes allow exchanges to set excessive listing fees. Someone should regulate this ugliness!

[tonymillions84]

seriously i need a clear explanation of how these exchanges faked volume trading in their account. most exchanges attracts customers without having any real trade on going in their site.  kudos to coingecko to stand against this.

[I-Bit]

Fake volume in crypto market has become an open secret in this crypto world. We know that most of the exchanges or projects might also do this to increase and increase the exchange or coins in the market. Of course, because this is related to trust and an increase in the number of investors. But this also makes investors and traders worry about the true validity and ranking. And with the new Coingecko (Trust score) system, hopefully, the results can minimize the fake volume.

[andrewBud]

In principle, it is very difficult to determine whether the volume is fake.  The exchanges are now very competently trying to operate with volumes.  Therefore, errors are always possible in determining whether the volume is real or not.

[88percent]

Fake volume in crypto market has become an open secret in this crypto world. We know that most of the exchanges or projects might also do this to increase and increase the exchange or coins in the market. Of course, because this is related to trust and an increase in the number of investors. But this also makes investors and traders worry about the true validity and ranking. And with the new Coingecko (Trust score) system, hopefully, the results can minimize the fake volume.

I agree with this opinion. Sometimes most traders or investors are attracted to an exchange or coin based on the amount of volume circulating in the market. So, with fake volume going to hurt the impression of trust in the exchange. Although it is best to analyze, we are not only based on the volume. And the Coingecko ledge is really needed. Moreover COingecko is more popular and trusted with its trust scorecard.