Bitcoin Forum

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

It's the exchange platform that has control over order book and trading volume so they are the ones who manipulate it.

Why you might ask? simply to become more visible in Coinmarketcap and also popular. Being popular means the exchange could charge more money to list coins and also means potential new users.

Some traders can make this happen.

It will show up on CMC but if you look at the exchange real volume. There are just a little amount being sold at a higher price.
That is to pull or to fool the newbie traders or those who just cannot keep their hands on the token.
Bounty hunters mostly are the ones being hit by this kind of acts or they might also be the culprit to make the value higher and sold it for the right price and effort that they have done.

Some just cannot wait for the market to grow on its own.

Edit: This should be on altcoin section.

He might have a point on when the developers are the ones matching theirbown Bids and Asks in the crypto exchange. This is possible if they are also the only ones participating in that trade. It's similar to crypto exchanges faling the volume but the guilty ones here are the developera itself. You cannot really trust every data you see online as they can easily be faled to manipulate people, that is why if you don't want to be victims of fake volume you should always stay away from unreputable exchanges.

openmarketcoin.com

without fake volume

Here in Brazil we have a "big" exchange that is suspected to fake the volumes, because if what they said is real, it's the higher volume in all the world
Coinmarketcap suspended and put a *, they are in investigation now

And it's was hacked and now almost all users are facing problems to withdraw

It creates a manipulation threat. It is common in mostly non regulated exchanges. They create fake volume that makes the coins fragile and volatile asset. This is a major shortcoming in cryptocurrency, in order for a wider adoption we have to give much attention to this.

Like what coins/tokens?


To create hype. Some altcoins are good for day trading. Creating a fake volume will attract more day traders.

We can't also hide the fact that low market cap coins do have whales. They can create fake volume and deceived anyone. And if people fall on the trap, these whales can now execute their magic button anytime to control the whole market of that coin. Examples are BLU, SDRN, IETH, etc.

Anyhow, I don't take CMC listing as a purpose why fake volumes are being created.

At first how can altcoins make fake trade volumes? Do you mean making massive transactions to get listed on exchanges and attract attention? If yes, then I don't know what happens there. But if we talk about faking trade volumes, a lot of exchanges do it and there are researches done early of which exchanges are faking volume and by how much, google it if you are interested. They do this to become popular on coinmarketcap and you know, coinmarketcap has alexa rank between 200-300, so a lot of people visit this website and when they are looking for exchanges, fake volumes give them possibility to rank higher on coinmarketcap and this automatically leads to an increased number of users.

Because its about the exchange, not coin.who want to trade on low volume exchange?selling is problem, buying is problem.so they use fake volume as advertisement.

All Bitcoin trade volumes are false, this is because P2P and local bitcoin trades are not included in the published stats. I suspect this is where the largest volumes occur as well during normal trading periods.

This happens a lot in many exchanges.
Because of that, I usually wait for some days to pass when a coin is listed in order to avoid fake trading volumes. Most of the times it is both projects and exchanges that make it fake in order to create hype and make profits both of them.

Most of these exchanges are the ones that created those fake volumes for other market to capture their volume, even at the coinmarketcap they give out these exchanges volume based on their fake sent volume. What mentioning any exchange, there ate exchanges that are special with the fake volume delivering to their operators.

localbitcoins publishes volumes for all trades done through their escrow system: https://coin.dance/volume/localbitcoins

if you compare total global volume to just the biggest "legit" exchanges (like coinbase, kraken, bitstamp) it's actually fairly small. i think most people go through the exchanges. it's the most intuitive way to invest, similar to a stock broker.

Obviously for publicity to attract buyers to raise the value of their stash.

A team behind a coin can't do that without the involvement of the exchange as them faking volume would end in them having to pay % of the volume they created by themselves.
As for the price, no in most cases, the price is not influenced because if you "manipulate" the price you must buy the coins from other sellers, again not a sure profit way.

What most small exchanges and teams do is simply fake the volume of trades.
They do this on small exchanges simply because it's cheaper!
It's one thing to bribe since and one to pay 1000$ to exchngeherexxxvvvmmm.info.com.store

You see that A buys at 3.2, B selles at 3.201 C buys at 3.2 again, but in reality, the actual legit orders which are placed at 3.19 and 3.21 never get executed. Or far easier they execute with high priority some trades at the same prices when the spread is big enough to not touch the real walls.
Of course, exchanges that have a history of faking volumes have more an more advanced scripts but the basics are still the same.

Culprits here are the exchanges because projects can't access and change order book which is necessary to manipulate the figures

There is only a single reason why volume is manipulated on exchanges.

The exchange or coin's company want's to showcase they have a lot of supporters (if the price is growing and there are a lot of users buying and selling their tokens, it looks like these fake people are interested in buying their coins).

Usually, it the company of the coin that wants their coin to be washed, and therefore pay a specific fee to the exchange for them to fake the volume - this is usually only possible on smaller exchanges, but there are a lot of large Asian exchanges that also perform in faking trade volumes/market making.

This is a very good explanation of how faking volume usually works.

As far I know, exchanges creates those fake volume to show that their exchange is very active (not sure though). Even the developers of those shit coins uses those trade bots to increase the volume to show people that the coin is not a "dead" coin. Unfortunately, some newbies fall for it and by just looking at the coins volume, they think it's going to be  a very good investment but ends up making a huge loss.

Many countries already make a big threat to those who are responsible for manipulating the trade volume, and if there’s a regulation a strong like this, fake volumes can be lessen. But its true, exchanges are being paid for this and we don’t know if top exchanges are also doing this, its possible of course.

There are several possibilities why exchangers choose to make fake volume. Like increasing liquidity to attract new traders to their platforms. Or fake volume is usually done by one trader but with multiple exchanger accounts by doing wash trading. and the third possibility is due to manipulation of the exchanger.

That possibilities are really working, its more on the fake volume with the coin itself but most of the time it is being executed by the exchange. Even a top coins are being manipulated, there's a fake volume and a fake value after all. Cryptocurrency are prone to this one, actually many investors are losing money because of this fraud. I hope for the exchanges to be more transparent and to let their users appreciate their own platform and not to deceive them.

Most smaller exchanges do create fake volumes. Examples are: Dobitrate, coinbit, bitebtc (scam exchange), Idax and many others. Some do this to lure unsuspecting traders to their exchange thinking they will could perform an arbitrage.

it's clear if they are making a fake exchange volume I think maybe it's just to boost investors and attract investors. furthermore they are not able to get large volumes normally, so I think now this is just a trick and we have to be careful with tokens like that.

That's not a new thing here in the cryptocurrency world. That's why I don't trust coinmarketcap that much because most projects do wash trading in order to attract more attention to others. I've been in a project that do this but instead he made a competition to trade and add volumes and compensate those who do this. It's wrong because it's unnatural and it tells something about the project.

My bet would be that larger volume is in OTC trades between whales, exchanges, 'institutional' investors, people making a living from buying/selling outside LBC, etc. People who initially met via LBC might also want to forgo the middleman and his fees next time if they trust one another enough.

A few years ago, exchanges in the Asian countries faked their trading volumes because they were in competition with other exchanges to get more people to trade on their platforms. So to show that you have a popular platform, you have to fake the trades to create the perception with "new" traders that they would have a better chance to get their buy or sell orders to go through quicker than with their competition.

I know the regulators clamped down on some of these exchanges and some were also closed down, but I have not heard of any of them being closed recently, so I guess it is not that prevalent anymore.  ???

Not only in small exchange, even in big exchange there are fake volume.
You should be aware than this market can be manipulated by those who have the power to do so, they are the whales in particular.
There is no transparency here, of the total exchanges in the market, there are only few that shows real volume and the rest are accuse of wash trading.

Fake trading volumes are some of the marketing strategies used by team members of projects to lure crypto investors to invest into their project. This is a collaboration which is initiated by the team members of the project but the developers of the exchange platform are the ones that execute all this fake volumes.  I really hate exchange platforms that brings this up and most of them are really small exchanges that have just come into the cryptospace. However investors should also not invest into projects that have their coins being manipulated.

I've never think how it becomes effective to attract traders and investors as well.  Doing such thing will only be losing potential clients and the trust of the community.
It is better for them to tell the truth and never give lies. I know it is attractive to look those huge volume but somehow, hiding the truth will only ruining their reputation.

There are 2 things that are very influential namely the project and the exchange, who actually created the fake volume?

From one of the articles, quoted on the list of top exchange only 3 of the 25 exchanges were declared real volume

This issue it's been around for quite a long time now that exchanges are being accused of faking volumes to gather popularity of such coins or tokens in order to gain or increase liquidity to attract buyers of course. Sad to say that all that allegations were true after all and even popular exchanges does that to make their platform popular.

When we talk about new tokens/coins generating fake volume is simply for them to be listed in CMC and not only that but also to attract more investors since when they get listed there, they are exposed to many investors
And also fake volume generation is part of advancement in cryptocurrency technology  ;D ;D

many coins create fake volume for different purposes

1 to scam ( pump and dump)

2 to maintain volatility ( common reason every project tells  ;D but only less coins do it)

3 to make a hype and show some green candles and to be visible at top gainers

4 and other reason like as you said to list in exchanges and to maintain minimum volume

Exchanges do this mostly to increase their volume for aytracting more users. On the other hand, there's some altcoin which also do the same to get listed on CMC or have more investors.

^ So, it was clear that these are all about marketing strategies between exchange and the project owner where their coin listed and having fake volume and probably to get attention to the investors and traders. It seems all of these are untrustworthy activities, they are fooling people by having fake volume. As an investor or traders, we should know how to research first before investing by fake volume coins which is lead us into a losing fund.

Ask yourself this. If you one day decided to launch a for-profit coin project (I'm pretending that some people still launch them for non-profits these days), and you know that the only real way to get your coin to value up and drum up enough demand for you to dump and make your killing is to get your coin somehow noticed on exchanges... then you'd do everything in your power to achieve just that.

And what gets coins noticed on exchanges? Log in to Bittrex and what's the first thing you see? The coins with the biggest trading volumes of the past 24 hours. See Coinmarketcap or most other metric sites. What's the first thing coins are ranked by? Trading volume.

Everything in your power means things you can do and control.

And fake volumes, for now, is still something people can manipulate with reasonable ease.

This is a purpose of small exchange, when they manipulate volume it will make a trade history in their exchange. If they make fake volume in new coin or small coin it won't attract many users, but if they make fake volume with popular coin it will attract many user to use their exchange and and trade thoose coin. Let say you want to use thoose exchange and want to start to trade popular coin, i guest you won't get any profit.

I saw some small exchange doing this, but when i start trade i got no profit and i realize that that's fake volume / fake order. When you meet exchange with this condition, withdraw your coin soon as possible and dont use it again

These index sites have been the main reason we have seen wash trading increase up to today's severe degree. It's an effective form of marketing.

If you look at the traffic information of exchanges, CMC will mostly show up as the number one traffic provider. And guess what exchanges are on the very top of the wash trading list..... Right, Asian exchanges! They pushed actual fiat exchanges such as Coinbase so far down that they are ranked as nr 40-80 depending on the day, lol. Pathetic.

The only 'good' thing is that people aren't actually paying to access these sites and if you ignore the fake volumes, they do provide a wide variety of useful features.

Yes, you will surely know if an exchange is doing the wash trading or faking the volume of a particular coin. If you are an experienced trader, you can easily spot those trends. And once you saw such performance, better get out and trade with more reputable exchanges. Better lose a lil bit of money rather than lose all your investments.

Even the big exchange like Bit-Forex also created a fake volume on some coins.
I think they want to attract some trader to trading on their place, using fake high buy and sell orders.
I'm sure this fake volume is 100% bot because they will move to higher price or lower price when you try to make an order.

Wow, the volume of fake trading coins is very unsettling and provides invalid information. I am very disappointed with the coin providers who use this method to make their volume large and crowded in the market. In my opinion, this is an unhealthy strategy in playing and competing in crypto currencies. Fake coin volume will only make a coin unable to survive in the market for a long period of time. I prefer to compete as is and honest.

A high trading volume but the traders are only bots :D
There a lot of fake trade volume on some Exchanges and yeah most of them are on bad exchange.
Even in the largest markets to there is also a fake volume trade.

Fake volumes are done by both the project itself and the exchanges. For the exchanges, this is obviously for the reason that investors or traders are drawn toward their platform because coins are being traded with high volumes, meaning there is sufficient liquidity. Traders always prefer to trade with coins and exchanges that give them smooth flow, with their orders easily filled. As for the projects, they are basically trying to send an image to the public that they are trusted and investors are interested in them as being reflected by the volumes of their coins.

If this happened maybe it is because the exchanges are accepting bribe to make a fake volume of a certain coin because there are people look into the volumes of a coin before using it for a trade or for holdings. I read an article that there are some exchanges faking the funds collected on IEO and this might because they are accepting payments for this to happen.

There are a lots of reason behind it. Possibly exchanges creates fake volume as because to show people that, their exchange is one of the top and best exchanges.so people should come & trade there!! This is the way that helps their exchange to get much more traffic. More traffic means more income. Sometimes shitcoins developers deal with those exchange to do so as because to get more investment in there shitcoin or they uses bots to create fake volume to show people, their shitcoins is best for investment. Thus they earn a lots of money by cheated with us  :'( :'(

what I know is usually when there is a market that makes fake volume to lure the traaders to go to their market, you could say they are short of operational funds but how do you find out if they make fake volume

It is because CMC generally issues aggregating prices, not providing per-market+exchange charts/data. Some of their competitors like https://coin.market/ provide such  trades data, so you can calculate how much volume was for 1 second, 1 minute, or 1 hour and so on - you can also check how many trades were to get, for example, btc/usd in a selected price range on all exchanges or on one exchange - it allow to easily avoid such fake numbers from shady exchanges.

It's complicated and hard to detect fake trade volumes
Here in Brazil we have an exchange that is suspected to fake the trade volumes of BTC, it's market in coinmarketcap with * and are under investigation

as far as i know.quant trader,they use program create trading robot,they can trade everytime.But this trading model is usually only for a coin.
so i think In addition to the mainstream market, I believe that other market have fraudulent behavior, in order to attract more blind investors to come in.

Unfortunately, it seems that there are some cryptocurrencies that try to fake their volume and to be listed on big exchanges. I don't want to believe that coinmarketcap is supporting an act like this and faking volumes on its website.

I believe that it is a collaborative event between the exchange and the project,  the project will be trying to make sure  that they meet up to coinmarketcap cap requirements

They thereby creating a fake volume  by collaborating with the exchange and perhaps to draw the attention of investors to buy their token , lots of new exchange are guilty of this,  and it doesn't speak good for cryptocurrency market generally

agree on these points. but if the project is already in cmc and you can still see that they are blatantly doing the wash trading. then be very careful with that coin, either they slowly want to discard the dev's coins for early exit or they want to pump the price so they can get a higher price value of their coin and later on sell whatever they have and boommm!!

https://i.imgur.com/k188tcK.png

you will see this kind of fake trading if you are closely following a coin and know basically whats going on. you dont have to be a rocket scientist to detect this kind of scheme. either the exchange or the dev team is benefiting on this situation!

I wanted to correct that also, it is not peculiar to small exchanges, big volume exchanges do that now, The bear market is responsible for a lot of abnormalities and is why they claim the dominance of bitcoin could be close or above 90%.  You will be surprised to see it also on decentralized exchanges. The order will be so small and you will be surprised with the amount of sale they claimed they make every day. I dont see it go soon but some channels like CMC may adjust the measure to give better and precise information on the market at large

Manipulating data is an unjustifiable form of crime.

When many project platforms compete to be registered with CMC, they are fake data. And if they manage to enter the CMC, their project will only make a loss for many investors. In my country, there is a very large exchange and it is not easy for any project to be listed. Even this exchange using the process of choosing which is then used can be taken and take that has the most votes. So it will be a project that has a quality that can be registered.

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

I think they want to show to the public that they have big support from peoples, and their demand was so high, so they need more support from the public. But the other reason why they do that is that the exchange itself want to reach more members and they can manipulate the volume. So people will see it seems, the site will have a big demand and supply that are making a transaction. But they could have a thousand reason why they do that and only they will use only what their purposes. All we need to do is calm down and don't panic if we see those things, and only analyze will be the answer.

Do we need to fool others just for the sake to earn money and gain reputation?  How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy,  they make ways just to find the solution of their problems without knowing what would happen next.  It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

Those project with fake volumes just aim to get easy and quick profits.
They don't care about their reputation afterwards, so they are focusing more on making a "buzz" around their project and coin in order to make it gain value. When investors realize that this volume is fake it would be already the time when they would have acquired their profits.

Well even if they are doing, at least they have solid volume underneath it.Small exchanges doing it as very obviously.Some of the order which we placed is not at all moved and only the price variations will be done by the exchange itself.It was a quite common one in a small exchanges.People will follow the thing, the coin is listed on any exchange. If so, they will invest their money without checking the liquidity.

They are not concerned to what extent it will affects their project, they are after the money and nothing else, even dealing with fakes volumes to attract traders to join the ride and make it looks realistic, victims will only notice things after placing their entry.

There's a need of carefully analyzing things inside any market as bot are all over the place making fake information to attract investors interest.

Quite true! even big exchanges often resort to this tactic since there is no way to verify accurately trade transactions within those
centralized exchanges and this comes the advantage of using DEX's, enabling us to verify those trade transactions but unfortunately,
DEX's are also vulnerable to wash trading.

Coins themselves almost never do it.
The listing on CMC also in 99% of time gets you nowhere, noone is noticng the bottom 2000 coins , only if they are heavily manipulated.

Exchanges fake volumes to get higher in some lists as in CMC exchange list to get more attention and customers.

We have this so called P&D (pump and dump) groups. So this group will initially boost the price and it will look like a fake volumes or at least not organic. So obviously they do this to make more money specially from newbies who thought that the coins is having a parabolic run. They buy and when you don't expect the price suddenly goes down on a downward spiral.

Or it could be the project themselves, trying to fake it out that investors are really spewing money making and maybe other investors would join the fun.

If you wanted to know which exchanges are faking their volume, you can read the reports here.

https://www.bti.live/reports-april2019/

It really happens in some exchange big or small. They manipulate it so people would buy that coin or token, the project might also have a responsibility on that to gain more profits. There are also group of people who manipulate the market by buying and dumping the coin/s and nowadays it seems normal.

I do not even want to believe that any big exchange that already has a very high genuine volume would have any reason to fake volume again, because with high volume, traders are able to execute their orders immediately and they would have no reason to leave the exchange, which they will keep getting referral that will enable them have more and more increase volume.

Like he said, mist fake volumes are actually as a result of low patronage, because many of us are fund of always giving thumbs up to those exchanges that are already big, neglecting the new ones and forgetting that they need that to grow, so I would not easily condemn them for their action, but I will frown at those who are already old and still using fake volume.

Many crypto coin trading are created base on there prospect of the usage in the crypto community, hence on the trading platform is a function of peer to peer system, that means, it has volume in the market, base on the number of demand and supply across the nation.

Trust me, there's no exchange here that doesn't create fake volumes. There are some basic things in my mind I'd like to share:

Exchanges create fake volume in order to:

- Gain more customers' attraction to bring in more people
- Make the alt more popular to get it listed somewhere else on a more reputed exchange if this exchange holds some % as a stake
- Get more people to trade it to earn on fees (like Binance's trading competition)
- To make people believe that they've got the steam in order to get the exchange going as high volume is all we look for if we've got enough stake in an alt we decide to sell at some point

That is quite bad, it shows that we have been leaving on fake data all along and then what assurance do we have that those coins that we do call the senior ones are actually the ones that are very active and we keep blaming projects dyeing, how will project not die when the real ones that are working and meant to be showcased on coinmarketcap are not being show cased, and even o exchanges too.

There is a need for something to really be done about this fake volume but exchanges, projects and even ranking site. The annoying thing about this fake volume by exchanges is that, you will see an exchange that is already big and have enough users, they still mix fake volume with it and I ask why they have to do so since they already have their popularity.

The technique of many Exchanges may be to increase the volume through bots, but it must be remembered that there is no consolidated volume that takes into account all Exchanges, that is why in each Exchange it has its own volume, not even CMC takes in It counts the volume of some Exchanges as localbitcoins, and Korean exchanges, and the study of the volumes is very important when making decisions for trading.

A good way to get an idea of ​​the volume is to review the one shown by Bitfinex, Coinbase, which are Exchanges that handle a large number of traders and investors.

The exchange are also responsible for this, they tend to create fake volume so as to draw the attention of investors that their exchange has a high trading volume,

 I've seen lots of exchange that does not reach the standard of Binance exchange,  and they have a higher exchange volumes than Binance due to the fake volume being created

Coin/token teams also have incentives to pump fake volume, making it easier for them to cash out as increased volume lures others into buying/hodling the coin/token in question:

https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap

So it make them fraudulent in your opinion? If they themselves are creating fake volumes?
Should investors stay away from that exchanges?


There's no way to catch Binance at this point, if they are levering their exchanges on Binance platform then there's really something wrong with that.

The major causes of this are either from unreputable exchanges that are not governed by any regulation or the team behind the project itself that want to trick unsuspected newbie in order to dump their token.

There are two different methodologies used for faking trade volumes. The first is the easiest one. The promoters of shitcoins contact the smaller exchanges and in collusion, they rig the order books. But this is not a very effective method, as coinmarketcap has now devised methodology to identify such coins and exclude them from their platform.

The second methodology is to contact "specialists" who can get your coin listed in coinmarketcap. The exchange owners are not involved here, and the specialist will manipulate the trading volume using bots and this can be very difficult to detect. As per reliable sources, the fee charged for this "service" can range from $10,000 to $20,000 per coin. More details can be found here:

https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap

All the possibilities that it will come out in our mind are negatives. No other reason behind that action is to strick and look attractive. And for us who know already about this, there is no reason why we've been a victim with them and most probably they look for the newcomers.

With all this fraud and scamming actions, it only turning them back as they are just ruining their reputation instead of gaining more market attraction.

Manipulations are usually done with a goal or purpose and in the case of exchanges they are enticing more business more revenues and of course more profits. However, this is not helping the whole cryptocurrency industry especially if we have to look into the long-term prospect. There is a need to stop this malady as it is the industry that will actually suffer and such manipulations of data can victimize many investors and traders leading them into wrong conclusions in their decision making. There should be penalties against exchanges proven to allow data manipulations to happen.

That fake data can be manipulated by exchanger's team, so they can freely to create trade volumes even in major altcoin. It usually happens in a newly listed coin that the dev pay exchanger to manipulate it. To avoid this case, you just trade on recommended exchange or your favourite exchange and don't ever-interesting on the newest listed coin.

If you read the reply before you, they explain how these fake volume are generated.  It is better to have a group of people to manipulate a coin's trading volume than the exchanges itself.  Having a group of people trading with each other will look like more legit than exchanges doing them since different people trading means different traffic is accessing the exchange site.  The more traffic these group creates in trading the more legit their trading looks.


They do this fake volume for the reason of increasing the exposure of their token/coins.  If you are one of the top trading volume in an exchange, your cryptocurrency name will be flashed at the top of the site where it shows its top trading volume list.  Traders will then see the cryptocurrency and might take interest to invest on it.  Others do it to be listed on CMC for further exposure.

There's a lot of exchange that has a fake volumes and they not directly called it a bot but they will told to the traders that is a market maker.

It is unethical for any exchanges that are doing it but whenever I ask those people that have their coins on it that got pumped then they will say that it is not true. So even if it is  fake trade volume, people are going to deny it and enjoy their profits because they are directly having the benefits. A major example is okex which is leading the fake  volume and wash trading but people are still participating their IEOs because it always give roi instantly.

entry into this market requires wisdom and intelligence to invest, but the opportunity is often not obvious, the trading volume is a part of it.

Fake volumes are one of the problems that CMC currently facing because when the coins listed on their site have a fake volume, investors might blindly invest their money on that coins and when they do the coins will sudden go to dump.
it is because the was only a one man show and the exchanges who listed that coin can be a suspect as well.

If there is no regulatory body looking over what the exchange is doing all these exchanges will come up with shady practices to have an upper edge over its competitor and that in turn attract more customers as the only thing anyone look in an exchange is liquidity and i am sure in a couple of years we will get rid of these fake volumes and if someone shows fake volumes they will get heavy penalty.

The fake volume is normally made by the exchange to present itself as a popular platform among traders which allows them to charge more fees for coin listing. it's definitely putting a bad light on the project. Every trader or crypto enthusiast knows that there is something in between if a small exchange in generating massive amount on daily volume of a never heard before token.

Since bitcoin boomed last 2017 a lot of altcoins now have been created even its not that worth to invest. They fake everything just to encourage investors. That's why these days we need to be aware.

Fake trade volumes on most exchanges is used to trick algorithms and listing sites sites to rate exchanges higher. This faking of volume makes projects think it's a high volume exchange and list on there for exorbitant fees. Transparency within the cryprocurrency exchanges is necessary in order to protect traders from exchanges that wash trade and could potentially scam users.

In my opinion, fake volume should be avoided if the transaction value in the cryptocurrency market is always increasing and new investors keep coming. Small exchangers always fake the value of their transactions as possible to attract lots of new customers and projects to be listed on their exchangers

We cannot change that from them because exchangers wanted their site to have activities so even
If the volumes are fakes it’s ok with them what is important is the benefits they think favored them though the it will cost them bad reputation $in future

I have seen the case of Coinmarketcap recently when they are being accused of faking the volume and it’s really annoying because their site is hat I’ve used for price observation when I was new here

Its really an alarming for us fake trade volume!! as such kind of initiative makes us  confusion as well as threat for small investors in this market. expect better feedback from expert marketer regarding that  >:( >:( >:(

fake volume, really frustrating. it's like a mirage that looks good but it's nothing when we put a sell order at the price available, then it disappears. that's why I always choose a compatible exchange, if I don't have to, I won't use an exchange like that.

When it comes to choosing an exchange, you need to choose an exchange that shows the real volume, and of course you can find it especially if you experience it. Fake volume is happening in many exchanges in the market now, that is why if we look at the exchanges in the list here https://coinmarketcap.com/rankings/exchanges/, we will find unpopular exchanges that is surpassing the popular ones in terms of volume.

If you know this is happening, you will surely have an idea on how to spot a good exchange that will fit your needs.