Trading research firm Cryptocompare has just released it’s Cryptocurrency Exchange Benchmarking 2019 that allows users to look past the obvious and have a better understanding of the exchanges.
The report deals with an important issue in the cryptocurrency market, i.e., the misleading volumes reported by the cryptocurrency exchanges in order to inflate volumes. The report explains that among other techniques is wash trading and incentives offered to lure.
The report analyzed over one hundred exchanges operating around the globe found discrepancies in the data provided by leading exchange Coinbase. As it happens, Coinbase also happens to be the top exchange according to the benchmark owing to the overall score.
The report warns users to be aware of the trading volume manipulation by the…