‘Wash trading' is rampant on unregulated crypto exchanges: NBER study

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

The exchanges were chosen based on their rank on third-party websites, representativeness, and API compatibility, and they were sorted into Tier-1 . The authors focused on trades of Bitcoin , Ethereum , Litecoin , and Ripple , the four most heavily traded cryptocurrencies against U.S. dollars at the time.

In addition to identifying which exchanges regularly engaged in wash trading, the authors also quantified how much of the total trading volume wash trading represented on each exchange. They also measured the impact of wash trading on an exchange’s ranking. Using historical ranking and trading volume information from CoinMarketCap, the authors showed that exchanges whose total reported volume was 70% wash trading moved up by 46 positions in rankings.

Washtrading is on ALL centralised exchanges and NOT AT ALL on decentralised exchanges. This is hugely importantant and has been overlooked far too long! Real DeFi solves this! HEX is REAL DeFi!

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Dec. 28 daily chart alert - Sideways grind continues(Kitco News) - Bitcoin-U.S. dollar prices are a bit weaker in early U.S. trading Wednesday.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Kitco News Live Interactive Series And EventsDoes $BTC qualify as “money”? What is its intrinsic value? Does it truly have potential for mass adoption? Join us on Jan 10 at 2pm ET w/ GeorgeSelgin and LynAldenContact for ‘The Great Bitcoin Debate: Sound money or Tulip mania?’ Hosted by davidlin_TV GeorgeSelgin LynAldenContact Hello Dear, I want to advertise on your website. And I don't even have my own budget yet. I'IIsend you the ad. Let me know if you agree to promote. I will send you this payment every week. GeorgeSelgin LynAldenContact davidlin_TV Tulip mania x10 GeorgeSelgin LynAldenContact davidlin_TV whoa i hope you release a recording
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

China to launch national Digital Asset Trading Platform for NFTs on Jan. 1(Kitco News) - China is preparing to launch the first legally-compliant secondary trading platform for digital assets across the country on Jan. 1, according to local news reports published Wednesday.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »