Bitcoin Wash Trading: Sifting Facts From Fears

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Some cryptocurrency exchange platforms are inflating their Bitcoin trading volumes to earn higher listing fees, but the market’s liquidity is still due to trading activity on tightly regulated exchanges. In mid-March, Bitwise Asset Management issued a damning report on Bitcoin (BTC) trading figures. The San Francisco-based index fund provider declared that up 95 percent of Bitcoin trading volume as seen on CoinMarketCap (CMC) was due to so-called wash trading.Wash trading is a type of market manipulation where sell and buy orders are simultaneously placed on the same asset to create false and misleading trading activity in the market. Wash trading…
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Bitcoin Wash Trading: Sifting Facts From Fears

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