#Bitwise - a leading provider of index and beta cryptoasset data has published a white paper, which analyses traffic data of 48 cryptocurrency exchanges for the past six months by The Block, a community of crypto enthusiasts.👥 It compared the number of website visits to trading volume across exchanges to find out who participated in faking trading volume📈, as indicated by disproportionately high volume relative to website visits. 🖋
The exchanges that have the highest volume per website visit, and which are likely engaging in significant volume faking🗣 are Coineal, Fatbtc, BW, BitMax, LBank, DOBI Exchange, Bit-Z, DigiFinex, Idcm, DragonEX, ZB, CoinTiger, IDAX, Bibox, CoinBene, BitForex, Bithumb, Negocie Coins, Liquid and OKEx.🛎
On the other hand, Indodax, BX Thailand, Luno, CEX.IO, Zaif, and KuCoin seem to not appear to be faking any volume unless they are also engaging in faking traffic. 👽
#Level2Exchange #L2Exchange #bitwise #Tothemoon
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