BNB And XRP Sits atop April List of Least Wash Traded Cryptos in the Market

2019-5-9 00:04

The Blockchain Transparency Institute (BTI) has just published a new report of the top 500 coins in the market, ranking them by wash trading volume. This report shows that of the top 10 biggest coins in the entire crypto market, the Binance Coin (BNB) and XRP are the assets with the lowest amount of wash trading for the month, with 39.34%. This is another win for the Binance which recently deployed its own Binance chain and a decentralized exchange.

Top Wash Traded Coins

Still, within the top 10 cryptos, the list of wash traded coins ranked from the least to the most, along with their wash trading percentage, is as follows:

     Binance Coin (BNB) – 39.34%      XRP – 56.79%      Bitcoin Cash (BCH) – 57.31%      Cardano (ADA) – 63.21%      Stellar Lumens (XLM)  – 64.85%      Bitcoin (BTC) – 65.21%      Tether (USDT) – 67.58%      Ethereum (ETH) – 73.08%      EOS – 75.91%   Litecoin (LTC) – 76.72% What is Wash Trading?

Wash Trading is a very common form of market manipulation which is carried out when a person, or even an exchange, fabricates trades by being on the two ends of a trade. One party buys an asset on one end and then sells it to himself on the other end to fabricate trades so as to give the market or a particular asset, an outlook of great performance.

For example, an investor or stakeholder could sell a particular amount of ETH at one price and then goes to buy it back on the end at the same price. When this is done, the party involved bears little or no loss but has succeeded in increasing the trading volume either of that particular coin or of the exchange where the wash trading was done.

Wash Trading in the Market

Wash trading in the crypto market is so rampant now that for some coins, it accounts for more than 90% of their entire trading volume. The Bitcoin trading volume available on the top 40 cryptocurrency exchanges, according to the BTI, Is 65% wash traded.

The institute also says that HitBTC, Bibox, Huobi, and OKEx are responsible for most of this fabrication. Additionally, BTI says that all the exchanges report a combined $50billion trading volume every day. However, when the wash traded volume has been subtracted, a whopping $45 billion is gone, leaving the actual figure to a maximum of $5 billion daily.

The post BNB And XRP Sits atop April List of Least Wash Traded Cryptos in the Market appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

WashingtonCoin (WASH) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 WASH

wash market bnb xrp april report coins

Источник: zycrypto.com

wash market → Результатов: 26


Understanding the Term ‘Wash Trading’ Inside the Cryptocurrency Exchange Activities

According to Investopedia, wash trading is a “process whereby a trader buys and sells a security for the express purpose of feeding misleading information to the market.” One sign of wash trading is when the trading volume of a financial instrument increases where there is no sign of market demand beforehand. Further, the increase in […]

2019-5-5 00:47


Wash Trading: More than 80% of TRON and ETC Trading Volume is Bogus – BTI Report

Based on new algorithms and specific research methodology, the Blockchain Transparency Institute (BTI) – a group of blockchain and cryptocurrency enthusiasts, researchers and devotees who aim to clean up the industry as much as possible – has published a Market Surveillance Report saying that 85% of Tron and Ethereum Classic traded volumes were falsified.

2019-4-16 18:40


Volume manipulation: BAT, Ravencoin, Binance Coin and Enjin among the most honest projects

Two of the most defining traits of current crypto market is its volatility and manipulability. One of the most skewed and distorted metrics is trading volume on exchanges. There are vested interests of both the exchange and crypto project to wash trade and artificially inflate the trading numbers and project a picture of a legit […] The post Volume manipulation: BAT, Ravencoin, Binance Coin and Enjin among the most honest projects appeared first on CaptainAltcoin.

2019-4-15 19:26


OKEx Discusses Artificially Inflated Wash Trading Volumes in the Crypto Market After Bitwise Report

In a recent report released by Bitwise, the company showed how different cryptocurrency exchanges perform wash trading activities. One of the platforms that was mentioned in this report is OKEx. During a conversation with Crypto Briefing, the Director of Financial Markets for OKEx, Lennix Lai, confirm that there is suspicious activity on OKEx. OKEx Acknowledges […]

2019-3-29 03:35


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Wash Trading Dominates Bitcoin Volume, What Does This Mean For Price?

The daily bitcoin trading volumes come out into billions of dollars every day, with hundreds of thousands of daily transactions being carried out. It is one of the reasons why bitcoin draws the most investors, given such high trading volume and good depth across all exchanges.