I reckon there is more to that story than to inflate trading volume. Some cryptocoin exchanges main purpose might be to launder money. They might also be secretly started and founded by money launderers.
Yeah, it's simply 5 words down the road
to inflate trading volume figures and attract more customers to the exchange.
All those exchanges that out of the blue claim to run millions of orders a day are doing the same, boosting their numbers, climbing the ranks on that garbage indexes like CMC and attract more customers > more fees.
@gentlemand. If they also shutdown, I reckon another country will welcome all that cryptocoin liquidity in their borders.
You mean the next country to be overrun by exchanges with fake numbers?
There was no money (or simply there were only 1% of what they claimed), there will be no money going to other exchanges or to other countries.