Trading Volumes Can Move Over — The Hottest Metric Is Now Liquidity
Cointelegraph
Published Jun 14, 2020 01:00PM ET
Updated Jun 14, 2020 02:40PM ET
Last year, when Bitwise Asset Management sent in its analysis report to the United States Securities and Exchange Commission, it stated that 95% of volume on unregulated exchanges appeared to be fake. This sent shock waves through the cryptocurrency industry. Although, within more professional circles, it was not entirely a surprise.
For a long time, exchanges were ranked based on trading volumes, and among exchanges, this was the most competitive metric. To attract both traders and project listings, exchanges fought tooth and nail to rank high on crypto data aggregators. Many exchanges were long suspected of inflating their exchange volumes, however, the reported 95% far exceeded expectations.
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Written By: Cointelegraph
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