WSJ绝大多数bitcoin trade都是骗人的对倒# Stock
Y*n
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https://www.wsj.com/articles/most-bitcoin-trading-faked-by-unregulated-
exchanges-study-finds-11553259600?mod=hp_lista_pos2
Nearly 95% of all reported trading in bitcoin is artificially created by
unregulated exchanges, a new study concludes, raising fresh doubts about the
nascent market following a steep decline in prices over the past year.
Fraudulent trading volume has dogged cryptocurrency trading for years, but
the extent of the market manipulation has been difficult to determine.
Bitwise Asset Management said its analysis of trading activity at 81
exchanges over four days in March indicates that the actual market for
bitcoin is far smaller than previously thought.
The San Francisco-based company submitted its research to the U.S.
Securities and Exchange Commission with an application to launch a bitcoin-
based exchange-traded fund. The study, made public Thursday, is an attempt
to alleviate the agency’s longstanding concerns that a bitcoin ETF would
leave investors exposed to fraud and market manipulation.
Bitwise’s fund, if approved, would be based upon the 5% of trading it
considers legitimate, said Matthew Hougan, Bitwise’s head of global
research. That volume comes from 10 regulated exchanges that can verify that
their trading data and customers are real. This slice of the market, he
said, is well regulated, transparent and efficient.
exchanges-study-finds-11553259600?mod=hp_lista_pos2
Nearly 95% of all reported trading in bitcoin is artificially created by
unregulated exchanges, a new study concludes, raising fresh doubts about the
nascent market following a steep decline in prices over the past year.
Fraudulent trading volume has dogged cryptocurrency trading for years, but
the extent of the market manipulation has been difficult to determine.
Bitwise Asset Management said its analysis of trading activity at 81
exchanges over four days in March indicates that the actual market for
bitcoin is far smaller than previously thought.
The San Francisco-based company submitted its research to the U.S.
Securities and Exchange Commission with an application to launch a bitcoin-
based exchange-traded fund. The study, made public Thursday, is an attempt
to alleviate the agency’s longstanding concerns that a bitcoin ETF would
leave investors exposed to fraud and market manipulation.
Bitwise’s fund, if approved, would be based upon the 5% of trading it
considers legitimate, said Matthew Hougan, Bitwise’s head of global
research. That volume comes from 10 regulated exchanges that can verify that
their trading data and customers are real. This slice of the market, he
said, is well regulated, transparent and efficient.
