During the big crypto rush of late 2017 driving factors were primarily based on fomo and speculation. The following year was a different story as the selloff gathered momentum and inexperienced traders ran for the hills. The serious players stayed in the game and they don’t come much bigger than Nasdaq which is now working with seven different crypto exchanges.
Nasdaq’s proprietary surveillance technology is available to those that can foot the hefty bill for it but crypto exchanges need more than just money. Stories of trade volume and market cap manipulation in the industry have increased in recent months so the need for fraud free figures has never been greater.