A new research report reveals details on how exchanges fabricate volume and makes new projections on the large size of the crypto trading market. Yet on some exchanges, trades get executed at prices and sizes that fall outside anything sitting on the order book. On LAToken, a Moscow digital exchange, Alameda saw bids and offers with a maximum size of 1.6 bitcoin in the order book. Another test involved observing the percent of an exchange’s trades that took place at the best available bids or offers. Compared with Bitwise, which released a follow-up fake volume report in May 2019, Alameda thinks more crypto volume is real.

Source: Forbes July 02, 2019 11:00 UTC