Cryptocurrency Q&A Is 95% of CoinMarketCap's bitcoin trading volume fake?

Is 95% of CoinMarketCap's bitcoin trading volume fake?

Martina Martina Thu Aug 29 2024 | 6 answers 1319
Could you elaborate on the claim that 95% of CoinMarketCap's Bitcoin trading volume is potentially fake? How is this figure calculated, and what evidence supports this assertion? Are there any known instances of fraudulent trading practices or manipulated data that have contributed to this perception? Additionally, what measures has CoinMarketCap taken to ensure the accuracy and authenticity of its reported trading volumes? Is 95% of CoinMarketCap's bitcoin trading volume fake?

6 answers

SolitudeSerenade SolitudeSerenade Sat Aug 31 2024
This revelation underscores the need for rigorous analysis and verification in the realm of cryptocurrency trading volumes.

Was this helpful?

246
89
TaegeukChampionCourage TaegeukChampionCourage Sat Aug 31 2024
Forbes, a renowned publication, has taken a proactive approach by employing both quantitative and qualitative methodologies to refine the trading volume figures disclosed by various exchanges.

Was this helpful?

242
60
BitcoinBaroness BitcoinBaroness Sat Aug 31 2024
The purpose of this report is to further the understanding of the digital asset landscape, building upon the groundbreaking research conducted by esteemed organizations like Bitwise.

Was this helpful?

384
87
CryptoAce CryptoAce Sat Aug 31 2024
By doing so, Forbes aims to provide a more accurate and reliable picture of the true trading activity within the cryptocurrency market.

Was this helpful?

219
40
Federico Federico Sat Aug 31 2024
Among the reputable exchanges that contribute to this enhanced understanding is BTCC, a leading platform offering a comprehensive suite of services including spot trading, futures trading, and secure wallet solutions.

Was this helpful?

103
45
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts