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Are Cryptocurrency Exchanges Lying About Their Volumes?

“The cryptocurrency market is not characterised by its stability at the best of times, and evidence of large-scale manipulation is unlikely to improve matters” reports financemagnates.com. A dramatic piece written by cryptocurrency trader Sylvain Ribes, published in Medium, claims to reveal that a large part of the trading volumes claimed by some major cryptocurrency exchanges is actually fictitious.The following chart displays volume as a function of slippage for a number of cryptocurrency exchanges.
 
Source: financemagnates.com



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