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Author Topic: [2019-06-12]CryptoCompare Launches Exchange Benchmark in Response to Concerns Ov  (Read 26 times)
Vladdirescu87
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June 12, 2019, 01:45:21 PM
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CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting

London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12.

According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies — including spoofing and incentivized trading schemes — to artificially inflate trade volumes.

The press release outlines:

“The problem has been getting worse with lower quality exchanges (ranked C-F) increasing market share by 30% in the last 12 months, demonstrating the need for a ranking methodology that does not rely on aggregate volumes.”

https://cointelegraph.com/news/cryptocompare-launches-exchange-benchmark-in-response-to-concerns-over-false-volume-reporting

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