Forbes: Exchanges counterfeit more than 50% of cryptocurrency trading volume

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Forbes conducted an analysis of trading volumes provided by 157 cryptocurrency exchanges. According to analysts, the total volume of falsified data is 51%.

As of June 14, 157 largestcryptocurrency exchanges reported a total trading volume of digital assets of $262 billion. However, according to analysts, the actual trading volume was only $128 billion - 51% less. Of the specified number of exchanges, only 21 companies generate trading volumes exceeding $1 billion per day. On another 33 sites, trading volume ranges from $200 million to $999 million.

The list below contains cryptocurrenciessites are divided into three categories based on the volume of rigged trading. Analysts fully trust the data of Binance.US, Coinbase, FTX.US, WazirX, Gemini and a number of others. Interestingly, the global platform Binance was placed in the second category, as it adds 45% to real trading volumes.

There are 48 sites in the first category –they generated $39 billion in real trading volume. In the second category, analysts placed 73 exchanges, the actual trading volume of which amounted to $81 billion against the reported $158 billion. In the third category, the least honest platforms - 36 exchanges generated $7.7 billion, while they reported $59 billion.

Earlier, Bits.Media published a large-scale material about who is leading the cryptocurrency derivatives market.