seach-icon
  • user-img

    Sonal Shridhar Shinde in Crypto News

    29-Dec-2022 12:28 PM


    thumbnail

    70% of unregulated exchange transactions are wash trading: NBER study

    With exchanges becoming a focus as the FTX fiasco continues, a new research paper suggested that almost three out of four transactions in unregulated exchanges are fake.
    A working paper titled “Crypto Wash Trading” was recently published by the National Bureau of Economic Research (NBER).
    The researchers wrote that in twelve “tier-2 exchanges,” wash trades amounted to almost 80% of the total trade volume.
    According to the researchers, there are short-term incentives for wash trading.
    The movements were observed days after the former FTX CEO Sam Bankman-Fried was released on a $250 million bond.
    Source: Cointelegraph