CoinGecko is introducing "Trust Score" to combat fake exchange volume

[Miklight88]

I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .

[SirLancelot]

I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .

I could not agree with you less because i know that some exchanges has been practicing this in a long time and where they started from is from where they directly buy some of the coins themselves and then get profit on them after which they dump it on the market so that the project can actually collapse which they would have achieve two things, they would have already made profit from those projects and then at the same time benefit from the part of which you see it from also.

If we start having regulations within ourselves like coin gecko is planning to do, i am sure that we will gradually start cleaning up the mess that some of these scammers have brought to the cryptocurrency market. Hope that they have started functioning already because i have not heard much from them.

[nankers]

I really look forward to news like this. I think this good news will have an impact on the return of merchant confidence in a number of large markets (which usually use bot traders so that create fake volumes)

[Lizzylove1]

This is a better step. We have been expecting Coinmarketcap to do something about fakes volumes and fake exchanges, but till now, not even warning about frequently reported fake exchanges or the plan to delist them. The problem I have is that I defaultly search at CMC.

[Leo]

A very commendable effort from  coingecko, lots of fake trading volumes from shitty exchanges, I just keep wondering why some exchanges that I know have less solid project will be having high trading volume,  I believe this will help combat fake exchange volumes

[Tonteus]

Than Trust Score from CoinGecko  differs from the same in CMC ?

[noobcakescc]

A very commendable effort from  coingecko, lots of fake trading volumes from shitty exchanges, I just keep wondering why some exchanges that I know have less solid project will be having high trading volume,  I believe this will help combat fake exchange volumes

For sure! Their exchange page really looks good now. It's a much better representation and you see bad exchanges ranked all the way down despite having huge "trading volumes".

Than Trust Score from CoinGecko  differs from the same in CMC ?

Very different, just look at their exchange page. CMC has MXC? BKEX? (What nonsense exchanges are these) on top while CoinGecko has Binance, Coinbase (those that you expect to be on top).

Furthermore, if you look into their coin page (https://www.coingecko.com/en/coins/bitcoin) you'll see that the top trading pairs are at least legit (i.e from Coinbase, kraken, binance). CMC one on the other hand... very inaccurate and misleading.

I no longer use CMC now, CoinGecko is more trustworthy with transparent info and better ranking.

This is a better step. We have been expecting Coinmarketcap to do something about fakes volumes and fake exchanges, but till now, not even warning about frequently reported fake exchanges or the plan to delist them. The problem I have is that I defaultly search at CMC.

CMC doesn't seem to want to do anything against fake volume exchanges. Their exchange page, coin trading pairs list is ridiculous.

[Timbiriche]

That's good news. Projects like this are always interesting for the crypto world.

[airdropan]

very good innovation from coingecko, this innovation will save trader for being trap by fake voume from many exchange. But if this one better than what shown on CMC , wonder why everyone still prefer using CMC than Coingecko

[TinaK]

Congrats CoinGecko Team, You have done good job and using this many people can choose the right investment place over crypto exchanges. We know that you guys have the trust around the crypto community but you still made the massive on your website.

We expect more changes on your site to filter and bring the Legit crypto markets.

[Digitalbitcoin]

CoinGecko, Coinmarketcap and many other third-party data service providers are available within the industry offering free as well as premium services.

Basically everyone is using API data provided by exchanger and blockchain of coins.

Adding more parameter can give more transparency, trust, and a friendly environment to the trader to judge market condition, and information to users about the current status of specific coin listed on exchanges to analyze.

[hahahafr]

This is a great news to all investors. Most exchanges these days fake their daily volumes just to attract project managers to list their tokens and coins over there. I really don't want to point fingers at any exchanges but at least if you've been in this industry for quite sometime you should know them by now 

[Expecto]

This is a very good precaution for faking volumes. Thanks to "Trust Score" feature, people are going to know the true values of exchange volumes. I will continue to use your website as long as you care about investors and people who are interested in cryptos.

[cybernetik7]

Absolutely excellent service. All apparently major exchanges show very high volumes with wash trading. This can confuse the beginner investors. Coingecko became much more useful than coinmarketcap. Congratulations.

[Kyraishi]

Shouldn't this be in service discussion or service announcements, since it's not really related to BTC, but more so a service you are offering to the community?

That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.

[Pumared]

Shouldn't this be in service discussion or service announcements, since it's not really related to BTC, but more so a service you are offering to the community?

That aside, great job with the site. The trust ratings are really going to help people see the real faked volumes and I'm glad your company is taking extra steps to make sure that exchanges won't be able to get away with things like market making, fake volume, etc.

But this relates directly to the BTC, since the measured volume will be BTC on an exchange, so they are closely linked.

[mdzahed134]

Hats off! https://www.coingecko.com that's really doing great job. It was big fight to find out fake exchanges volume. Because https://coinmarketcap.com/ always showing huge fake volume. Binance trust score position number 8 really. I'm very shocked to see this exchange ranking. Kraken is got top trust scoring exchange i think it’s really deserve that. Coingecko day by day go very popular i think it’s a another great place to know about cryptocurrency.   

[Xxmodded]

Which kind altcoin giving information by CoinGecko incorrect sir? I always check website exchange market trues based on what information giving by CoinGecko website, maybe little miss information is not worried because we can check by self in market and we use CoinGecko for checking faster without have open exchange market.

[rafajunior99]

I think this is very good news for everyone, because the news provided with CoinGecko is very petrified to eradicate fake volumes in trading, and I also always see in exchange a lot of high volumes but they don't correspond to reality for trading. So for that all traders are not only fooled by the volume that looks high.

[Alexandr Kirichenko]

Well, that's very good news. I like Coingecko and I use This service very often. Often can find altcoins that are not on Coinmarketcap and find out where they are traded. And now and watch real volumes.