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Home Science Most cryptocurrency trades may be people buying from themselves

Most cryptocurrency trades may be people buying from themselves

An evaluation has discovered that wash buying and selling, a type of market manipulation, is rife on unregulated crypto exchanges


25 November 2021

Bitcoin price chart on digital exchange on smartphone, cryptocurrency future price action prediction.

People can purchase and promote cryptocurrencies on unregulated exchanges

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As many as seven in 10 cryptocurrency trades on the world’s hottest however unregulated exchanges may be people buying from themselves to artificially inflate costs, in line with a brand new evaluation.

A research of 29 cryptocurrency exchanges, the place people purchase and promote the digital currencies, undertaken between July and November 2019 has discovered important volumes of “wash trading” inside cryptocurrencies. Wash buying and selling is the place an investor sells and buys the identical asset to create synthetic curiosity in an funding, typically distorting …

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