Over 70% of the top 100 exchanges on CoinMarketCap are engaging in excessive wash trading

Bitcoin Talk and Cryptocurrencies
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The largest offenders in the top 10 include Bibox, which appears to be wash trading their volume over 85x, Bit-Z to over 469x, ZB over 391x, LBank 4400x. The worst of the bunch is BCEX at over 22,000x. All of these exchanges trail Binance in the daily unique visitor’s statistic between 50 and 600x.

I’ve never heard of these exchanges…

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And as you can see from the stats - for a good reason :smiley:

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