Over half of daily traded volume of crypto is fake, that’s according to the first report by the Blockchain Transparency Institute.
The non-profit institute was launched earlier this year to do research on crypto markets. The initial report, released this August, estimates that over 6 billion dollars in daily traded volume is faked. This is done by wash trading, a process where an instrument is bought and sold by a third party with the purpose of creating artificial market activity
Wesley Ellul joins us to discuss.
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