[2018-12-17] Only Binance and Bitfinex Do Not Fake Volume, New Report Finds

[bL4nkcode]

Also, why is there a drink menu on their site? Who are these people?

And the title of the page is Partners, their devs must be drunk while creating this simple HTML page.

As a transparency group having no team introduced, a newly made website, mentioning their algorithm without even publicize it, a site shielded with whoisguard and having partnered with cocktails, wine and beers lmao -> http://archive.is/F8q9r

I wonder how media acknowledge this group as a transparency group and publishing their so-called reports.

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[Buttermellow]

This because these two exchanges are already established with good community support that is why many people came to ask a certain project to be listed in any of these two.exchanges because a crypto that will gone listed will going to have a good market price increase after it will show visibility in the exchanges.

[riskyron]

Here the information is presented in a more detailed way and includes some figures:
https://www.blockchaintransparency.org/december2018

I consider Bloomberg to be a reliable source of information. Frankly speaking, I wasn`t much surprised that Binance and Bitfinex occurred on that list. These two have always appeared to me as trustworthy exchanges. Maybe I`m preconceived concerning it because during my experience of using the both I`ve encountered any major issues, just some minor nuisances.
To sum up: good to know that at least two exchanges - Bitfinex and Binance - are transparent (according to the latest news, Liquid has joined them).
These platforms are not involved into wash trading unlike all the other exchanges from top 25.
It`s up to you to decide which one is worth dealing with.
Share your experience.

[Slow death]

The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume.
https://bitcoinist.com/binance-bitfinex-not-fake-volume/

This  crypto world is very scary, if bitfinex has real volume and is in position 8 with volume of $480 529 075. so binance is in the first position, that is to say that bifinex should be in the second position and other exchanges would be below binance and bitfinex. how the hell does OkEx have volume of $ 1 105 999 095; Huobi has a volume of $ 935 526 010 (it has a small different volume with OKEx) but notice that from OKEx to Binance there is a great difference of volume

[coolcoinz]

Where is coinbase in that report? One of the leading exchanges in the world wasn't included.
Also, the exchange that is listed as the worst one, with the highest fake volume, doesn't seem to work. https://www.coinbene.com/ is not loading. What is that exchange? I've never heard of them and yet they have a higher reported volume than coinbase, binance, kraken, and many other popular exchanges. Pretty big for a site that doesn't work.

[BitHodler]

Where is coinbase in that report? One of the leading exchanges in the world wasn't included.

Coinbase and other USD exchanges aren't listed because of how much higher the top exchanges are on the list due to their wash trading and other tricks. The top exchanges are all USDT exchanges, coincidence?

If you discard the USDT exchanges, which you definitely should since they in most cases aren't fiat entry points, Coinbase Pro is the absolute leader followed by Bitstamp and Kraken.

Bitfinex unfortunately doesn't make a difference between USD trading and USDT, because that would clearly show how little USD volume they generate and lose their top spot on sites as Coinmarketcap.

[IconFirm]

I consider Bloomberg to be a reliable source of information. Frankly speaking, I was a bit surprised that Binance occurred on that list while the same can't be said for Bifinex. The latter has always appeared to me as an extremely decent and trustworthy exchange. Maybe I`m preconceived concerning it because during all the experience of using Bitfinex I`ve encountered any major issues, just some minor nuisances.

What?  So, the first connections are now appearing Mr 4-posts-in-a-year-riskyron.  First of all Bloomberg is a fiat based rag that's well known for BTC bashing & splurting BS. Secondly, the fact that you seem to swear by Tether:

I think Tether will considered not only safe but the most reliable of the stable coins. It has been proving it for a long time.
There are many rumors going around these are only rumors, if anyone had some hard evidence, we would already have known.

...in one of your 4 posts per year, but you also happen to swear by Bitfinex which only proves that you are a Bitfinex/Tether shill account & more than likely behind this BS "transparency group" that's hiding behind a privacy guard.

Edit: I also see on your profile that your email address has been changed recently - bought/hacked account for shilling?

[bbc.reporter]

The Blockchain Transparency Institute has released its December Exchange Volumes Report, delving deeper than ever before into suspected wash trading. The conclusions paint a rather damning picture. Only 2 of CoinMarketCap’s top 25 BTC pairs aren’t massively inflating actual volume.
https://bitcoinist.com/binance-bitfinex-not-fake-volume/

This  crypto world is very scary, if bitfinex has real volume and is in position 8 with volume of $480 529 075. so binance is in the first position, that is to say that bifinex should be in the second position and other exchanges would be below binance and bitfinex. how the hell does OkEx have volume of $ 1 105 999 095; Huobi has a volume of $ 935 526 010 (it has a small different volume with OKEx) but notice that from OKEx to Binance there is a great difference of volume

The Chinese exchanges were always known to be the exchanges that do wash trading, maybe not to increase volume, but because the exchange itself might be laundering billions similar to what BTCe used to do.

[blockchaincroatia23]

closer to the New Year other exchanges, except Binance and Bitfinex want to pretend that they are cool.
some exchanges really let to do some fictitious transaction, so that' s how this fake volume appear.
Of course all the big exchanges look normal, before you dont know what s going on inside

[CirnoChuck]

I agree with you. For big companies like coinbase it's important to show big fabricated volume in the beginning and in the end of the year to proof it's status. Thing is it doesn't really mater when it's fake. Talking about bitfinex great it publish real data showing some difficulties every platform goes through

[Cryptoprimes]

I agree with you. For big companies like coinbase it's important to show big fabricated volume in the beginning and in the end of the year to proof it's status. Thing is it doesn't really mater when it's fake. Talking about bitfinex great it publish real data showing some difficulties every platform goes through

That's true. We don't know exactly what they are showing for us, it's only a PR campaign. For such big exchanges reputation means everything, so is they have any chance to be represented in a better way, they will be.