An evaluation has discovered that wash buying and selling, a type of market manipulation, is rife on unregulated crypto exchanges
25 November 2021
As many as seven in 10 cryptocurrency trades on the world’s hottest however unregulated exchanges could also be individuals shopping for from themselves to artificially inflate costs, in accordance with a brand new evaluation.
A research of 29 cryptocurrency exchanges, the place individuals purchase and promote the digital currencies, undertaken between July and November 2019 has discovered vital volumes of “wash buying and selling” 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 …