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In a desperate and unscrupulous attempt to compete, many exchanges have resorted to faking trading volumes. At the same time, the industry is implementing measures to filter out overreported trading volumes to make the asset class more transparent. A number of crypto asset data analytics platforms have taken measures that aim to distill trading volumes to only show actual trading activities across exchanges.
Moreover, regulators have been taking a much closer look at crypto exchanges in many jurisdictions, with South Korea and Japan leading examples. For the crypto asset markets to mature into a widely accepted asset class, the exchange ecosystem has some way to go.
But as bad actors continue to be called out and the industry adjusts to new security and transparency standards, the markets are slowly but surely heading in that direction. That is good news for the industry and brings it one step closer to being perceived as a mature asset class with a trustworthy trading ecosystem.
Only then will a Bitcoin ETF have a chance at approval. This article originally was published by Brave New Coin.
BitForex trade volume and market listings. BitForex. $8,,, USD , BTC. · @bitforexcom; Exchange. The live BitForex Token price today is $ USD with a hour trading volume of $, USD. BitForex Token is down % in the last 24 hours.
You must be logged in to post a comment. Alex Lielacher Brave New Coin.
This content is for TabbForum Membership members only. Log In Register. Why exchanges fake volume Higher trading volumes mean more exposure for exchanges on market data platforms such as CoinMarketCap. TabbFORUM is an open community that provides a platform for capital markets professionals to share their ideas and thought leadership with their peers. The views and opinions expressed are solely those of the author s. Comments Add a Comment Cancel reply You must be logged in to post a comment.
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