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(Kitco News) - The volume of crypto traded on exchanges has long been a controversial statistic as it's a well-known fact that a significant amount of wash trading occurs every day to help make the sector look more active than it is.
Despite the uptick in global adoption and increased awareness that the crypto ecosystem has gained in recent years, a new report from Forbes shows that 51% of all reported trade volume should be considered fake volume, a sign that wash trading remains highly prevalent.
According to the U.S. Commodity Futures Trading Commission, wash trading is defined as "Entering into, or purporting to enter into, transactions to give the appearance that purchases and sales have been made, without incurring market risk or changing the trader's market position." Wash trading is illegal...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...