Also Do you believe exchange volume?
Well, big volume does not mean the exchange is legit/scam. it's possible that coinmarketcap doesn't update in realtime. I have also heard that the fake is the exchange because it manipulates the trading volume but the CMC also sometimes meddling in this case "if they are get paid for it".
I am neutral for this
Big volume needed for exchange and cmc to promote its product
I think all the exchanges are fake!!!
Not all of them are fake even though in reality it is true happening (a lot of manipulation and fake volume). but I am sure there is a legitimate and trustworthy exchange.
so don't judge the exchange all same (bad), coinmarketcap is also not to blame, why? I'm sure behind it all there must be good and bad reasons. (idk, maybe about money or reputation, whos know)
i think yes, most of exchanges, especially CEX, are fake
they have to manipulate to get investor/ trader attention
But, we have to see other side, manipulate, still within reasonable limits, is needed to increase trading volume
imagine if the exchange is pure without manipulate, you may see very low or even near zero
it is not good for crypto development, trader and investor wont get interested and crypto wont be big too