More than half of Bitcoin’s (CRYPTO: BTC) trading volume is fake, according to data analyzed by Forbes.
What Happened: Data from leading global cryptocurrency exchanges recorded $262 billion worth of trading volume for Bitcoin on June 14. According to Forbes, the true figure was closer to $128 billion.
The report analyzed trading data from major exchanges like U.S.-based Coinbase Global Inc (NASDAQ: COIN), CME Group Inc(NASDAQ: CME) and Binance, as well as less popular unregulated exchanges across the globe, grouping them into Group 1, Group 2 and Group 3 exchanges.
See Also: Bitcoin, Ethereum, Dogecoin Continue To …
Full story available on Benzinga.com