The Currency Analytics
By Maheen Hernandez
New crypto traders beware! If you find a crypto exchange claiming incredible trading volumes, be careful.
As per the market reports, a lot of exchanges today are pumping the trading volume though unethical practices like bot trading or wash trading.
“Inflated volume data make a crypto exchange appear bigger in the market. Such pumped-up data also enables the exchange to show higher liquidity than it truly holds.
A bigger pumped-up profile enables a crypto exchange to charge higher fees for projects that are aspiring to list coins on that platform.
As per the experts, the possibility of producing fake volume data is abetted by the typical centralized structure of the exchanges.
Decentralized structure eliminates the risk
As per crypto experts, a decentralized exchange is the best possible solution here. A decentralized infrastructure is not controlled by one single authority.
Decoin is a decentralized exchange that promises no threat of fake volume data. In fact, it also offers an exclusive revenue sharing protocol that further prevents any attempt to…
“At Decoin, we believe in slow but steady growth. We sincerely condemn any attempt to produce misleading inflated data and we always stand for a fair and reliable trading…