Crypto Exchange Volume Being Falsified

“Slippage” is a measure of the liquidity of digital assets by selling $50,000 worth of each asset across various exchanges to see the effect of the sales on the price of the asset.

It was used by crypto trader Sylvain Ribes to test whether the crypt currency exchanges are posting actual volume.

While he thought there might be some artificial volume inflation, he was surprised by “the magnitude of the fraud” among the exchanges.

Ribes’ conclusion: “OKex, #1 exchange rated by volume, is the main offender with up to 93% of its volume being nonexistent.”and “By my reckoning, over $3 billion dollars of daily volume is nonexistent.”

https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e

View at Medium.com

View at Medium.com

View at Medium.com

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, Banking, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Legislative Intent, review, SEC, technology, VC, Venture Capital and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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