50 Shades of Wrong – And if two exchange one Bitcoin Was it wrong… in reality? An explanation of the revelations of a surprising investigation that analyzes trading platforms and their transactions.
To sell bitcoin better?
And according to this survey conducted by Forbes, its trading volume Bitcoin Queen is willingly inflated to give more credit to cryptocurrency and more weight to exchanges in particular, so as to always attract more customers.
In fact, the newspaper estimates that approx half the volume Bitcoins traded on exchanges will be fake. This “false” will be intended for vol. the brew Cryptocurrencies give a massive impression, but without any real economic value.
The lack of regulatory oversight over these numbers will encourage some exchanges to continue artificially inflating their numbers. According to the survey, the “cleanest” exchanges would be Binance, FTX or even OKX – so much so that it defines a new “top” of exchanges according to their actual volume.
The practice is not new and will not knock anyone out of their chair: already in 2018, Israeli researchers famously mesh volume At that time in the cryptosphere, according to their research, about 60% of exchanges interfered at least partially with their public volumes. Specifically, their study estimates that volume increased by around 35% for Bitcoin and Ethereum and 15% for the smaller top 100 cryptocurrencies during that time.
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Cryptocurrencies: Unraveling the Real from the Fake
New stablecoins are added regularly and futures contracts are established Bitcoin Visualization of reality will not be easier. This phenomenon will be amplified by the fact that exchanges, which cannot get American bank accounts, generate a lot of flow to obtain liquidity in dollars.
So, are half the transactions actually fake, just to increase the numbers? According to this survey, it! Keep in mind, however, that the study was conducted using statistics that are sometimes estimated, sometimes retrieved through other data providers (such as Very Good Massey), so this remains to be confirmed over time.
Moreover, these global studies, which are often a bit sensational, rarely distinguish between real “false” volume and the sometimes very significant continuous exchanges conducted by market makers… precisely to allow “real” volume to reveal itself.
However, whether the announced figures are true or not, Bitcoin remains the master in its category. And if platforms voluntarily inflate their figures (which, it must be admitted, wouldn’t really be surprising), it’s to highlight the fact that they allow To buy and trade Number 1 Cryptocurrency!
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