CoinMarketCap Concedes Fake Trading Volume Concerns Are ‘Valid’16.8

Following a recent report by Bitwise Asset Management claiming that 95 percent of Bitcoin exchange trading volume listed on CoinMarketCap is fake, the popular market data aggregator confirmed the concerns as “valid.”

CoinMarketCap is perhaps the most popular cryptocurrency market data aggregator. Having an Alexa rank of 493, it’s a place that a lot of people in the industry turn to for discovering prices, industry rankings, and exchange volumes.

Original source
https://bitcoinist.com/coinmarketcap-fake-cryptocurrency-volume/

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