Analysis found that wash trading, a form of market manipulation, is rampant on unregulated crypto exchanges
25 November 2021
Up to seven out of 10 cryptocurrency transactions on the world’s most popular but unregulated exchanges can be people buying themselves to artificially inflate prices, according to a new analysis.
A study of 29 cryptocurrency exchanges, where people buy and sell virtual currencies, undertaken between July and November 2019, found significant volumes of “wash trading” within cryptocurrencies. Wash trading is where an investor sells and buys the same asset to create artificial interest in an investment, often distorting …