Crypto Exchanges

Story: Majority of the Cryptocurrency Exchanges Have Stopped Misreporting Fake Trading Volumes…

By Dan Saada

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Liquidity is significant in cryptocurrency trading.  It is an essential factor that determines how easily the crypto assets can be traded.

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CoinMarketCap has recently confirmed its strategic partnership with YahooFinance to add to the performance of their cryptocurrency section.

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While the cryptocurrency was originally born out of the rebellion versus banks, rules, and fees, it is slowly becoming the mainstream.

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The IRS is taxing investors on the gains made from cryptocurrency. Giant corporations like Facebook are looking to come up with their own cryptocurrency.

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Even small-cap tokens like TCAT tokens are accounting for investor interest in cryptocurrency.

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Regulators are taking a closer look at cryptocurrency exchanges, and they are filtering out trading volumes to find out only true trading activities across exchanges eventually.

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Chainalysis, in its recent report, stated: "While we did find examples of exchanges likely faking substantial trade volumes, most large exchanges appear to have ceased these…

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When fake volume reporting is eliminated, cryptocurrency will evolve to be a mature asset class where the trading ecosystem is worth the trust of investors.

The Currency Analytics

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