95% fake volume :)

[Ipwich]

I always believe in binance and bittrex,
both exchanges have honesty in volume from the beginning of the emergence of the exchange,
and for other exchanges that have fake volumes they will still not have a good impact on their trade,
I'm sure of that.

This is why these 2 exchanges will always be on top of the exchanges,

I can say Binance is a top exchange because it has a trading volume of over $1 billion dollars, but Bittrex is not attracting volume, they currently have below $100 million daily volume, they need to improve but this exchange has a good reputation, sure they are not faking their volume.

source

https://coinmarketcap.com/exchanges/binance/
https://coinmarketcap.com/exchanges/bittrex/

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[Danslip]

I always believe in binance and bittrex,
both exchanges have honesty in volume from the beginning of the emergence of the exchange,
and for other exchanges that have fake volumes they will still not have a good impact on their trade,
I'm sure of that.

This is why these 2 exchanges will always be on top of the exchanges,

I can say Binance is a top exchange because it has a trading volume of over $1 billion dollars, but Bittrex is not attracting volume, they currently have below $100 million daily volume, they need to improve but this exchange has a good reputation, sure they are not faking their volume.

source

https://coinmarketcap.com/exchanges/binance/
https://coinmarketcap.com/exchanges/bittrex/

I don't agree with your opinion. Bittrex was caught for boosting their daily volume with automotive bots. I have no idea about the Binance and their fake volume rumours.

[BigTeeths]

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

So based on the report, only those small and medium exchanges does not show their real volumes. I don't think this serves as a major problem in the crypto market when the largest and famous exchanges do report their actual and real-time volumes. People just need to use those if they don't want get stressed on this facts.

[Siren]

It is surprising that only 10 top exchanges have real volume.

Whoe knows if the top 10 exchanges are having real volume?remember that CMC used to have a best reputation among them all untill these issues comes out so we really never know the truth behind then

I am using binance for trade dan that is the best exchange platform ever been. I have used digifinex but their volume is fake and so many bots.

Binance is one of the most competent for now and with high valued reputations ket#hope that this will never change one day as what turns out most of the exchanges now

[GregH37]

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

So based on the report, only those small and medium exchanges does not show their real volumes. I don't think this serves as a major problem in the crypto market when the largest and famous exchanges do report their actual and real-time volumes. People just need to use those if they don't want get stressed on this facts.

That is it, so I wonder why we are stressing ourselves in bothering over those smaller exchanges, except they are the real ones and the big ones are just using this news to kill smaller ones and create monopoly. Moreover, I don’t see why people are even coming up with too many exchanges for now; they would have just prepared it against the future instead of tarnishing the name down already.

The big exchanges we have are more than enough to serve the entire market right now and nay new exchange will end up not getting much volume, so they will have to adopt the VOLUME FAKING method to be able to attract users to themselves, and I guess that is why we see those fake volumes.

[swordling143]

This is a known issue already, and the majority of them are new exchanges that create fake volume to attract traders. There should a strict regulation that would prevent them from fabricating such volumes. I really don't think this can be resolved anytime soon, but staying away from these kinds of exchanges would be the way to go. Perhaps, stick with Binance, or Coinbase and a few other trusted ones.

[mayax]

This is a known issue already, and the majority of them are new exchanges that create fake volume to attract traders. There should a strict regulation that would prevent them from fabricating such volumes. I really don't think this can be resolved anytime soon, but staying away from these kinds of exchanges would be the way to go. Perhaps, stick with Binance, or Coinbase and a few other trusted ones.

even so called big exchangers are having fake volumes. Bitfinex, Kraken. Most of them, are not financial licensed...

[culuuton]

I also agree that at the moment no ICOS campaign can successfully mobilize capital. Therefore we must be really alert to avoid falling into the trap of scam projects. I do not invest in ICOS this time. I will wait for a better market to have a reasonable strategy.

[richardsNY]

even so called big exchangers are having fake volumes. Bitfinex, Kraken. Most of them, are not financial licensed...

It's about incentives, which exchanges do have to manipulate their volumes. However, the more reputable an exchange is, the lower the probability of severe volume manipulation is.

Bitfinex is a scum exchange. I can't find one single reason why people still use it after everything they have gone through. It's like people don't even care anymore, which they eventually will pay the price for.

[BeGoods]

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

So based on the report, only those small and medium exchanges does not show their real volumes. I don't think this serves as a major problem in the crypto market when the largest and famous exchanges do report their actual and real-time volumes. People just need to use those if they don't want get stressed on this facts.

It is done by a small exchange so that people trust more in their exchanges. Usually traders are reluctant to trade in an exchange if the exchange has a small volume, because the amount of profit and the speed of profits are affected by the volume, it is not a major problem..

[gentlemand]

Bitfinex is a scum exchange. I can't find one single reason why people still use it after everything they have gone through. It's like people don't even care anymore, which they eventually will pay the price for.

They've always gone on about liquidity and the UI. People always think exchanges will fuck everyone but them which is why they continue to use them. BFX has become slowly less dominant, a lot of big moves don't start there any more, and long may it continue.

[wxa7115]

This is a known issue already, and the majority of them are new exchanges that create fake volume to attract traders. There should a strict regulation that would prevent them from fabricating such volumes. I really don't think this can be resolved anytime soon, but staying away from these kinds of exchanges would be the way to go. Perhaps, stick with Binance, or Coinbase and a few other trusted ones.

We do not need regulation, that is what the governments are expecting for us to ask and of course they will be willing to comply but then exchanges will begin to ask even more information from you, what we really need are decentralized exchanges that works like their centralized parts and that have the volume necessary for us to trade without any issues.

Once that happens then we can forget about all of the issues with fake volumes coming from centralized exchanges and more importantly we will eliminate exchanges as one of the most important points of failure in this market.

[pinoycash]

Bitfinex is a scum exchange. I can't find one single reason why people still use it after everything they have gone through. It's like people don't even care anymore, which they eventually will pay the price for.

They've always gone on about liquidity and the UI. People always think exchanges will fuck everyone but them which is why they continue to use them. BFX has become slowly less dominant, a lot of big moves don't start there any more, and long may it continue.

There are no alternatives to exchanges right now so people have no choice but to take the risk of using an exchange platform for their trading activities. Until a real DEX platform arrives people will stick to this centralized custodial exchange for their money.

[gentlemand]

There are no alternatives to exchanges right now so people have no choice but to take the risk of using an exchange platform for their trading activities. Until a real DEX platform arrives people will stick to this centralized custodial exchange for their money.

Gemini has a banking charter, is run by identifiable people, has a Bitlicence and abides by all known laws.

Bitfinex... does whatever it wants, doesn't tell anyone fuck all and ignores all regulation until it becomes too hot for them.

There are degrees of respectability.

[mayax]

There are no alternatives to exchanges right now so people have no choice but to take the risk of using an exchange platform for their trading activities. Until a real DEX platform arrives people will stick to this centralized custodial exchange for their money.

Gemini has a banking charter, is run by identifiable people, has a Bitlicence and abides by all known laws.

Bitfinex... does whatever it wants, doesn't tell anyone fuck all and ignores all regulation until it becomes too hot for them.

There are degrees of respectability.

Correct! I don't see any reason for someone to use an unlicesed exchanger unless he is a scammer, fraudster. 

Why would I risk the "money" by using a shady exchanger?

[rijaljun]

I bet after this article made, there will be a lot of exchanges doing a fake volume with a smoothest way to ensure that people won't be able to find out that they are doing something bad. So, starting from now, we better to avoid those listed exchanges because of this.

[pinoycash]

I bet after this article made, there will be a lot of exchanges doing a fake volume with a smoothest way to ensure that people won't be able to find out that they are doing something bad. So, starting from now, we better to avoid those listed exchanges because of this.

You cannot avoid them the only way to unroot them is to ask Coinmarketcap to remove all fake exchange that faking their volume. All their metrics are fake due to wash trading.

Until then we have to endure seeing this inflated volume on CMC.

[wall101]

There are lot of exchanges and altcoins that has a fake volume it says there that many of ico's and their coins list on exchanges with fake volumes.

[Ziskinberg]

There are lot of exchanges and altcoins that has a fake volume it says there that many of ico's and their coins list on exchanges with fake volumes.

Most probably, it's hard to trust small exchanges at the current status of the market.
Scams are happening everywhere, hence, being here is very risky for our finances, and we should be smart in dealing with it to avoid loses.

Volume manipulation should be a crime, but until no regulation will implemented in the market, that will remain as a normal thing.
Small exchanges knows they have to compete as majority of the traders are trusting the high volume exchanges and therefore they do a dirty strategy to attract traders.

[wuvdoll]

The difference is you risk your money with bitfinex but could do it anywhere in the world whereas if you want to use Gemini that requires a lot of trouble for people who are not Americans and do not have any american bank accounts. I am not saying its impossible but one is as simple as depositing btc and withdrawing btc whereas the other one requires a ton of paper work to be able to use. Is Gemini safer option? 100% guaranteed the safer option. Will people use it because of that? Not at all.

Gemini will keep being a small time exchange because they tend the needs of a niche amount of the crypto population albeit being the safest option whereas bitfinex even with their shady horrible business work will get much more attention because of the ease of use on their website.