Analysts Blockchain Transparency Institute came to the conclusion that a significant part of trading volumes in the TOP 25 pairs on the version of CoinMarketCap — this fictitious transaction. According to them, the demand for digital assets fabricated by the simultaneous issuance and execution of the same orders.

Our December Report is out finding $100mil was stolen in 2018 via listing fees on wash trading exchanges. Over 80% of the volume on top 25 CMC BTC pair is fake. 57 exchanges are now on our Advisory List. https://t.co/XKC33QyUdR

— Blockchain Transparency Institute (@BTI___) 13 December 2018.

In the Blockchain Transparency Institute said that the true volume of trading in most of the top pairs on CoinMarketCap is less than 1% from that at the analytical resource. The researchers recorded fictitious transactions in top pair on the OKEx exchanges, Huobi, HitBTC and Bithumb. We add that, according to analysts, there are at least four bot-strategy for the implementation of the fictitious trade.

Blockchain Data Transparency Institute

It is noteworthy that only two currency pairs of the TOP 25 is such an unfair practice has not been noticed. These pairs are traded on Binance [BTC/USDT] and Bitfinex [BTC/USD].

Despite such low trading volumes underscore in the Blockchain Transparency Institute, the stock exchange continue to charge on average $50 000 for listing tokens [2 BTC to 75 BTC]. Researchers believe that a trading platform may deliberately cheat indicators as a fee per listing for the year ranged from $500 thousand to $1 million.

At the same time, the situation in the top BTC pairs is somewhat better than the overall on CoinMarketCap.

Blockchain Data Transparency Institute

Thus in trusted trading platforms on the version of the Blockchain Transparency Institute entered Binance, Bitfinex, Kraken and others. The rating was headed by Bithumb, OKEx and Huobi.

A rating of trusted platforms — Blockchain Data Transparency Institute

The Anti — Blockchain Data Transparency Institute

Recall that a similar conclusion about the fabrication of the trading volume in March came the Australian trader Silvian, Ribs. His rating was headed by OKEx, which, according to his calculations, rigged up to 93% of the indicators.

Ribs of the experiment was to evaluate how hard different sites absorb the sale of a number of digital currencies in the amount of $50,000, and how much such an order for sale could derail the original price. The latter figure he called “slippage” (the execution of an order at a price different from the price specified during installation).

Highest ratings Ribs, as in the study in the Blockchain Transparency Institute, was awarded the exchange Binance.

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