The Blockchain Transparency Institute (BTI) has on 19. September, its fifth market supervision report published. A result of the investigations is that Kraken and Coinbase are among the “cleanest” crypto-exchanges in the industry, with regard to the Wash Trading. The work of the Institute already had the deletion of many of the Wash Trading Accounts on the various crypto platforms to follow.
By Alexandra cons
23. September 2019 BTC$9,785 of,26 -0.54% part Facebook Twitter LinkedIn xing mail
According to the fifth market supervision report of the Blockchain Transparance Institute, the two crypto-exchanges Kraken and Coinbase are among the recommended items platforms. In the case of the examinations of the Blockchain Transparency institutions particularly the Tracking of Wash Trading Accounts. The Wash Trading is a controversial method to increase the volume of trade of a specific crypto currency to a crypto-stock exchange artificially.
Kraken and Coinbase are the winners of the 5. BTI-report
Since more than six months, BTI is dedicated to the Tracking of suspicious Accounts on the major crypto-platforms. On the BTI website, it States:
In this period, many stock exchanges have cooperated with us, thereby reducing the number of Wash is trading significantly decreased. Since the beginning of the year is 2019, the global Wash Trading is in the real Top 40 markets by 35.7 percent. The process of the passing on of our data and reports on many of these exchanges has led to improved mechanisms by which Wash-Trading accounts and closed can be detected. Our data, Kraken, Poloniex, Coinbase and Upbit of the cleanest markets are at the moment.
Also have a volume according to the BTI’s Top 40 Rankings of the two crypto-exchanges Bibox and OKEx, with over 75 percent of the maximum Wash-Trading.
Less Wash Trading through more vigilance
According to the BTI report, the cleanest crypto-exchanges from the USA and Japan. One reason could be the stricter control of crypto-exchanges in these countries. In the report, but it also means:
Stricter legal framework but do not lead always to a clean trade. For example, South Korea has a well-supervised regulatory system. The authorities have Bithumb but not a good look. Because our data show that Dash and Monero were traded throughout the year with Wash Trading. Over 90 percent of the volume is the result of Wash Trading.
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Kraken and Coinbase belong clearly to the winners of the current BTI report. But also the crypto-exchanges, Gemini, Bitflyer and Indodax to have a volume of less than 10 percent of Wash Trading. The Wash-Trading volume was Binance in the first months of this year, at nearly 20 percent. Now the proportion is Binance below 10 percent. Crypto-exchanges with a Wash-Trading-volume of under 10 percent can work together with BTI, to make the platform even safer.
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