According to a new report from the Blockchain Transparency Institute (BTI) research group, the Kraken and Coinbase cryptocurrency exchanges provide the most honest data on trading volumes.
BTI has already conducted its fifth research in the field of the cryptocurrency market since August 2018 – thanks to its own algorithm, analysts estimate the real trading volume on various platforms.
according to the report, the most honest data is provided by the Kraken and Coinbase cryptocurrency exchanges. The researchers also noted Binance, Poloniex, Bittrex, Gemini and several other sites.
“Since the beginning of 2019, exchanges have reduced inflated trading volumes by 35.7%. Cryptocurrency platforms have become better at tracking fake transactions and preventing them,” the analysts said.
At the same time, the most honest sites are located in the United States and Japan. But on the exchanges OEX, LBank, BW and Bit-Z, according to researchers, more than 99% of transactions are rigged.
“Most likely, it is due to several factors at once, the main of which are the regulatory standards in these countries. Although stricter regulation does not always lead to the appearance of the most honest sites,” the report says.
Note that according to FTX Global, 68.6% of the trading volumes of cryptocurrency exchanges are rigged, and according to the anonymous group of researchers CryptoIntegrity, this figure reaches 88%.