Tagcoventure

Major Bitcoin Exchanges Turn Blind Eye to Wash Trading: Bombshell Report

bitcoin exchange wash trading

According to a report from CoVenture, a venture capital and technology firm, an uncomfortable number of major Bitcoin exchanges engage in some form of volume manipulation, at least indirectly. Primarily, the report deals with “wash trading,” which they define as: "[W]hen a trader/s places a buy and sell order at an identical price without changing ownership of the underlying asset. They use bots...

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