Bitwise Tells US SEC That 95% of Volume on Unregulated Crypto Exchanges is Suspect
Cointelegraph
Published Mar 22, 2019 12:10PM ET
Updated Mar 22, 2019 12:23PM ET
Bitwise Tells US SEC That 95% of Volume on Unregulated Crypto Exchanges is Suspect
95 percent of volume on unregulated exchanges appears to be fake or non-economic in nature, an analysis from cryptocurrency index fund provider Bitwise Asset Management has argued in a report dated March 20.
Bitwise reported its data and claims to the United States Securities and Exchange Commission (SEC) as part of a proposed rule change for its application to launch a Bitcoin (BTC) Exchange Traded Fund (ETF).
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Written By: Cointelegraph
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