The Forbes publication conducted an analysis of the trading volumes provided by 157 cryptocurrency exchanges. According to analysts, the total amount of falsified data is 51%.
As of June 14, the 157 largest cryptocurrency exchanges reported a total digital asset trading volume of $262 billion. However, according to analysts, the real trading volume was only $128 billion, a 51% decrease. Of these exchanges, only 21 generate trading volumes in excess of $1 billion per day. On 33 more sites, the trading volume ranges from $200 million to $999 million.
In the list below, cryptocurrency exchanges are divided into three categories based on the volume of fraudulent trading. Analysts have full confidence in the data of Binance.US, Coinbase, FTX.US, WazirX, Gemini and a number of others. Interestingly, the Binance global platform was placed in the second category as it adds 45% to real trading volumes.
In the first category, 48 sites are located – they generated $ 39 billion in real trading volume. In the second category, analysts placed 73 exchanges, the real trading volume on which amounted to $81 billion against the declared $158 billion. In the third category, the least honest sites – 36 exchanges generated $7.7 billion, while they reported $59 billion.
Earlier, Bits.Media published a large-scale article about who is the leader in the cryptocurrency derivatives market.
Source: Bits
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