Don't Believe The Trading Volumes On Most Exchanges

[makishart]

23 Out of top 25 volumes are faked. Make out #3 and #4 and we're left with 21 exchange I haven't even heard of.
I stick to Binance, Poloniex, Bitmex and Coinex.
The rest is scam territory

We only need the decentralized exchange site to fix this problem, bunch of people are creating more and more centralized shitty exchange site and then they are manipulating it.
DEX is the only way for us to fix this problem.

[DarkIT]

23 Out of top 25 volumes are faked. Make out #3 and #4 and we're left with 21 exchange I haven't even heard of.
I stick to Binance, Poloniex, Bitmex and Coinex.
The rest is scam territory

We only need the decentralized exchange site to fix this problem, bunch of people are creating more and more centralized shitty exchange site and then they are manipulating it.
DEX is the only way for us to fix this problem.

well, therefore, we need to avoid exchangers that are not well known, and do not have the relevant regulations. well, i just always exchange my assets in large markets like binary and others. I'm sure the volume is not manipulation.

[lihongjing]

Yes, this is their illusion. In the long-term recession of the cryptocurrency market, there will be no new investors entering, so in fact the exchange is still losing money, only 1-2 exchanges can do it. There is no loss, so the exchange will buy a lot of coins. Let the cryptocurrency rise again.

[sirengutou]

Some mainstream exchanges are still real, but many new trading platforms use fraud to attract traders, so I think the crypto market needs to be regulated.

[skish85]

My opinion is now firmly established in the fact that during the trade in the first place is to study the news and that capitalization can only confuse and not show the real situation in the market.

[DeltaX]

Yeah, this is common practice by some phishy exchanges they are trying to make impression for people that hey our exchanges is already have good liquidation come here but actually that's all fake unless the exchange itself giving the buy wall which can be considered as fraudulent aswell.

[Crypt0BHunter]

While there is no regulation of the crypto exchanges there always be the case of wash trading and other illegal stuff

[Rambukwelle]

Completely agree with this .lots  of these Exchanges consists of fake volumes . This is never good for the long term development of Blockchain Trading. We are decentralized and the trading eco system of that should be clean and fair always.

[Ayomiqueen]

Many exchange are just creating a large volume for trade in other to claim one of the best as the situation of the market is , there a lot of manipulation going on in the market which is much why we are seeing lot of fake volume by some exchange , and non of the exchange can be trusted as all do use bot to trade for more volume.

[various]

I think all exchanges small or big ones are making fake volumes with bots. It may seem like a good thing, but it's totally foolish. But i think this is the easiest way to attract customers so this is not going to end.

[gunhell16]

There are many exchange website who fake their volume.
You can see one token in an exchange that is doing buy and sell every split seconds.
This is automatic and you can't even see the sell or buy orders but it went to the trade history.

[Freddy63]

I don't believe to those metrics. In most of cases they have own market makers and make liquidity and put on trading bots to show volumes!

[Vilagra]

It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded

This is sad but this is true, I have recently tried to sell UPP on Bibox, coinmarketcap shows volume of millions dollars, but when I placed order below market price, nobody bought it during 2 days, but bots sell each other small orders all the time.

[rricksu]

It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded

Well if that happens so, there might be a possibility that they can control the money in the cryptocurrency space resulting to lessen the trust of people in investing their money to it since there are bots that can manipulate it.

[Tosin12]

This has been going on for a long time but people don't know, I got to know about fake volume on exchanges when I participated in Bitdepositary Q-ratio ICO and the CEO Tobias accused hotbit of using fake volume, so he insisted that hotbit should delist it's token on the exchange and to me that is a scam, I hope scam can be reduced to barest minimum or eradicated completely

[Terrmit]

It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded

What does the exchange earn? The exchange receives a percentage of the transaction and the amount for the filled coins. Of course, they will provide fictitious information or create artificial trades just to get more money from the projects, and from all those who use the exchange.

[pixie85]

Chinese exchanges were faking volume from the start. When Huobi and the rest were created years ago they had a lot of problems with Chinese regulators. We can expect that this is still happening, especially on some smaller exchanges with high volume. This is not that difficult to prove and in time will lead to wash trading exchanges being exposed and weeded out of the market.

[LickKing]

Yes, this is absolutely false. The cryptocurrency market is very low and there are almost no coins to buy. The continued decline in the market will not make people risk investing in buying, so only the market recovery transaction can change the trading volume of the exchange.

[vova.andreyan.94]

I completely agree.  Now all the exchanges artificially increase trading volumes as a result of such a market!

[Semar Mesem]

It must be acknowledged that crypto users are very easily influenced by various news, even with daily transaction volumes that can make people's decisions change, of course people will focus on large transaction volumes so they also follow trends and I suggest not to believe that.