More Than Half of BTC Transactions on Exchanges Are Fake
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According to Forbes analysts, over half of Bitcoin transactions performed on centralized platforms do not make economic sense and are fictitious.
The experts have analyzed the trading activity of 157 cryptocurrency exchanges. They used licensing information from regulators, statistics from services like Messari and CoinGecko, network traffic data from SimilarWeb, and dozens of interviews with top executives in order to evaluate performance.
According to them, as of June 14, the daily global trading volume for BTC pairs was $128 billion, which is actually 51% less than the $262 billion that can be obtained by adding up the values reported by the platforms themselves.
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