Crypto Exchanges: Trading Volumes Are Highly Questionable

Crypto Exchanges: Trading Volumes Are Highly Questionable

It seems that bad news keeps rolling and rolling. No crypto spring in the foreseeable future, eh? So now there is a serious blow to ya’ll traders out there: the latest research shows that trading volumes at some major crypto exchanges are questionable. What are you going to do with that?

That same research has found that nearly 90% of the exchange volume could be false. Ok, the suspicious cases are mostly smaller exchanges (although, Lbank, for example, is in top 20), but still. So exactly how a trader or an investor can make a decision? How can projects with new coins lined up for listings base their choice on “official” numbers from exchanges?

And the thing I fail to understand: after all scandals within the crypto market, how can those crypto enthusiasts continue to believe in transparency? I mean, whatever, they can believe in flying elephants, but they should stop their obsessive attempts to convert other people. It’s fucking irresponsible.