Raising the Bar: Reporting on Volume and Sales of XRP

2019-6-20 22:02

In recent months, several third-party sources have called into question reported volume in digital asset markets. The recent SEC report from Bitwise is perhaps the most widely cited, but several others, including the Blockchain Transparency Institute and Data Accountability & Transparency Alliance (DATA), have also issued reports suggesting exaggerated numbers and overall inaccuracy in the way data is reported—by up to 95 percent, according to Bitwise.

As an industry, we can and must do better.

While we aren’t claiming to have an exact solution, we are taking steps at Ripple to address these concerns and the questions they raise about the overall reliability of market structure and reporting at digital asset exchanges worldwide:

We are actively working with trusted partners in the space to better understand the scope and scale of the problem.

We are evaluating our approach to XRP volume reporting, including reviewing new options and requirements for sourcing market data.

We are taking a more conservative approach to XRP sales this quarter.

 
In the short term, this means Ripple’s sales of XRP in Q2 2019 will be substantively lower (as a percentage of reported volume) than in the previous quarter—with our stated target of 20bps for programmatic sales of XRP volume, as reported by CoinMarketCap, likely dropping to less than 10bps. Longer term, by being more demanding about our expected standards for market structure and reporting, we hope to begin raising the bar industry-wide.

At Ripple, we believe in proactive transparency. We hope others in the crypto ecosystem will follow our lead, and ultimately, that our joint efforts will fuel a growing level of trust, among institutions and consumers alike, and the entire digital asset market will thrive. Until we do this, we cannot expect to see wide-spread adoption of digital assets or blockchain technology.

The post Raising the Bar: Reporting on Volume and Sales of XRP appeared first on Ripple.

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volume transparency several data raising recent sales

Источник: ripple.com

volume transparency → Результатов: 35


New CoinMarketCap Transparency Initiative Places 70% Of Crypto Exchanges In Compliance To Start

The crypto world was (somewhat) shocked when the Bitwise report affirmed that over 90% of all Bitcoin trading volume was fake. Such a high number of companies failing to provide accurate data on the market was deemed as a pretty bad and CoinMarketCap had to do something about it, as its credibility was in check. […]

2019-6-18 21:54


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

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

2019-5-9 00:04


Исследователи назвали топ-9 биткоин-бирж, не завышающих объемы торгов. Kraken среди лидеров

Криптовалютная биржа Kraken признана самой прозрачной биржей с реальным объемом торгов, данные о котором на 99% совпадают с предоставляемой площадкой информацией. Об этом свидетельствует отчет исследователей из Blockchain Transparency Institute (BTI).

2019-5-8 10:56


Blockchain Transparency Institute назвал самую прозрачную криптовалютную биржу

По данным Blockchain Transparency Institute (BTI), самой прозрачной криптовалютной биржей с точки зрения завышения объемов торгов является Kraken. Второе место по этому показателю занимает Binance.

2019-5-7 15:11


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


CoinMarketCap Admits Reports on Fake Exchange Volume Valid, Adds Data Transparency Features

CoinMarketCap, the leading cryptocurrency market data aggregator, has responded to the report recently published by Bitwise which showed evidence of fake volume reported from exchanges. The aggregator confirmed the concerns raised in the report are “valid” and has announced plans to integrate new features into the website that would help bring more transparency and accuracy.

2019-3-28 12:50


Фото:

Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions of shutting down accounts of brokers trading cryptocurrency without merit.

2018-9-20 04:25


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