End of FAKE volume reporting

[Distinctin]

There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

If regulation will come in, this will be corrected as faking volume then is going to be a serious offense and will be punishable by the law.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

They also need to do this because most investors are looking at their site, it's part of their responsibility to provide an accurate information so as not to mislead the people in the space.

[BADBITCH]

I wouldn’t blame coinmarketcap entirely; it picks trade as it happens

So if a token is at 0.01$ and someone buys at 1$
Automatically coinmarketcap displays 100% increase

It is up to traders to verify the volume

[jrrsparkles]

There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Coinmarket already reported and founf for giving fake prices and volume abput crypto exchanges for that they may getting paid so I don't think they will involve in restricting the fake volume.Not sue about the other price and market capp related site will they make any difference?

[plr]

I was surprised to find out these fake volumes, all I thought the whole time they are showing the true stats and volume, but it's not yet late if coinmarketcap cannot keep up and show transparency, soon a competitor will come out to beat them in their own game, people want transparency since they are looking on volume to make a decision.

[CAPT.DEADPOOL]

there are many people who are known to be fake and scam exchangers, so traders and investors are keeping these exchangers out of the way that they can not really avoid these situations because they tend to be crippled and have other people like them hobbie so keeping everything a lot it is important to pay attention to the volume of exchanger and fake altcoins of exchangers or other exchanger admins that the game makes the volume so attractive to other people and investors.

[alexsandria]

There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

The innovations really are growing in the market, and there is nothing they can do in order to be competitive enough to attract customers than to fake their trading volumes on their respective exchange platforms. I think if they are really good to say, after they have gotten their customers trade on their platform, they should stop the operation of fake volumes.

[Adriano2010]

I also wish that fake volume trading be stopped, but for this we need i think some good programmers who can build an api who report real volume or exchange who report fake volume to stop it.

[bitcoin-shark]

experienced traders must personally check the volumes of the exchanges and not rely on site statistics, I hope that coinmarketcap will find a way to show only the real volumes...

[Ailmand]

It actually deceives most traders who only base their decisions on the trading volume. I guess it's something that CMC should focus on. It's another form of scamming and I just wish that they would eliminate this form of deception. It's decreasing the reputation of exchanges and coins so I guess this is something that they should clear out.

[FelippeHeinz]

I believe in self-regulation of the market, we have to keep a constant watch. Exchanges with fake volume should be punished by the market, starting with us users.

[SMOKEU]

this could be done when all of us can report those exchange whose volumes are fake.. coinmarketcap should take action on this as some exchange can scam people who wants to use their exchange

[mrdeposit]

Coinmarketcap mostly takes the data included volume numbers from the various exchanges. Fake volumes can be a reason why we see higher market cap numbers than normal days.

[mensahkkofie]

I think we can help services like coinmarketcap to do the right thing. As crypto enthusiasts or traders who do not want to be deceived by fake volume, we can easily see to it that we report fake volumes by the exchanges to the appropriate channels.

[Mehr Sher]

This is why I have said it so many times that please check out top sites that could give you complete Crypto Stats, as it will help you know the market better and will allow you to understand things a lot easier. If you don’t do that then you will always will be unable to make a good move and eventually you will end up at the wrong side of things. So, this is where and why you have to be wise with your decision making.

[miropp]

It had to happen. Fake volume are a big problem and this issue must be resolved. Well that this began to correct and I hope that soon this will come the end of the.

[Brainnin]

The issue of exchanges having fake volume is becoming another thing, now small exchanges will have to use bots to fake their daily volume just to be ranked, I hope all this will be resolve soon.

[Ben Shedly]

There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Those people who have long been trading in the crypto market are well aware of those exchanges that engage in deceiving users and artificially increase trading volumes. I have long ignored such exchanges and trade only on those exchanges where trading volumes are shown almost without cheating.

[Maamejane]

It sometimes  really amazing how some exchange platform connive with some project teams to just deceive investors. But I don't blame them that much since what these exchanges are interested in is the project been able to pay their listing fee that's all, they just think about themselves and no one else which is very bad.

[rarkenin]

Long term trading teaches us to read the charts without the help of third-party tools on some sites like CMC. Volumes are fake, undoubtedly but it doesn't mean all transactions are fake too on the big exchanges.

[bartusv]

Exchanges reporting fake volume is very confusing and misleading.
They should stop with that practice or there should be a way to calculate the real volume. That issue should be solved as soon as possible.