A recent report by the trading analytics platform The Tie shows that most of the trading volume on the world’s largest crypto currency exchanges is questionable.
The research group analyzed the internet traffic on the top 100 crypto exchange websites and found that that more than 75% of the reported trading volumes exceeded twice the expected amounts. As a whole the The Tie says nearly 90% of the exchanges’ volume is suspicious.
The Tie examined the weighted average trading volume per user visit at leading crypto exchanges like Binance, Kraken, Coinbase Pro, Gemini and Poloniex – approximately 590 USD – and compared it to the volume reported by other crypto exchanges. It came out that 59% of the reported trading volumes at exchanges like BitMax and Lbank were 10 times higher than expected.
The research group analyzed the internet traffic on the top 100 crypto exchange websites and found that that more than 75% of the reported trading volumes exceeded twice the expected amounts. As a whole the The Tie says nearly 90% of the exchanges’ volume is suspicious.
The Tie examined the weighted average trading volume per user visit at leading crypto exchanges like Binance, Kraken, Coinbase Pro, Gemini and Poloniex – approximately 590 USD – and compared it to the volume reported by other crypto exchanges. It came out that 59% of the reported trading volumes at exchanges like BitMax and Lbank were 10 times higher than expected.
