95% Of Reported Bitcoin Trading Volume Is Fake, Says Bitwise

  • 📰 Forbes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The vast majority of reported bitcoin trading volume is false. How many exchanges provide reliable data?

CoinMarketCap reports approximately $6 billion per day in bitcoin trading volume, but the actual figure is $273 million, or roughly 4.5% of the reported amount, according to Bitwise.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] When conducting its analysis, Bitwise culled data from 81 exchanges, which it selected based on reported bitcoin trading volume. Exchanges that reported less than $1 million worth of volume per day were excluded. as part of its application process.Several analysts weighed in on what the report's findings mean for the broader digital currency industry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wonder what the trading volume was like in 2017.

I don't understand anything about crypto currencies, but the one singular claim made over and over again is the bulletproof reliability of transaction data. Of all data, actually.

Seems way too low...

Got them 🤜🏾🤜🏾🤜🏾

Brian_s20 lol

But I was told 1 bitcoin is going to be worth $1 million

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in FİNANCE

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.

95% Of Reported Bitcoin Trading Volume Is Fake, Says BitwiseThe vast majority of reported bitcoin trading volume is false. How many exchanges provide reliable data? WHOAAAAAAA Bitcoin is fake actually😂.
Source: Forbes - 🏆 394. / 53 Read more »

95% Of Reported Bitcoin Trading Volume Is Fake, Says BitwiseThe vast majority of reported bitcoin trading volume is false. How many exchanges provide reliable data? WHOAAAAAAA Bitcoin is fake actually😂.
Source: Forbes - 🏆 394. / 53 Read more »

Cboe to stop listing bitcoin futures as interest in crypto trading coolsCboe Global Markets has decided to stop adding new bitcoin derivitives. great job with another failed headline. the only thing that failed was CBOE, CME is doing just fine Believe in the opposite of what media tells you! Accumulate bitcoin now so go all in ?
Source: CNBC - 🏆 12. / 72 Read more »

Majority of bitcoin trading is a hoax, new study findsNinety five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a new study. oh boy... the crypto guys aren't gonna like this at all.. Old article from March. ShitCoin
Source: CNBC - 🏆 12. / 72 Read more »