Most bitcoin trading volume reported by CoinMarketCap is falsified , according to a report by Bitwise Asset Management . It said although it reports a $ 6bn daily trading volume the real figure was $ 273 m , 4.5 % of the reported total . The report used information from 81 exchanges reporting more than $ 1 m of daily trading a day . Digital Capital Management managing director Tim Enneking said the news would be “ not positive ” if true but that most exchanges had a lower level of potentially fake volume . Meanwhile , Bitcoin trading exchange publisher John Hargrave said there was a list of exchanges with a good reputation .
Most bitcoin trading volume reported by CoinMarketCap is falsified, according to a report by Bitwise Asset Management. It said although it reports a $6bn daily trading volume the real figure was $273m, 4.5% of the reported total. The report used information from 81 exchanges reporting more than $1m of bitcoin trading a day. Digital Capital Management managing director Tim Enneking said the news would be “not positive” if true but added most exchanges had a lower level of potentially fake volume. Meanwhile, Bitcoin Market Journal publisher John Hargrave said there was a list of exchanges with a good reputation.