Vnutricletocny trade volume on CoinMarketCap BitForex more than $5 billion: users suspect manipulation

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Vnutricletocny trade volume on CoinMarketCap BitForex more than $5 billion: users suspect manipulation

Estimated website AMB Crypto, CoinMarketCap is one of the world’s most reliable sources of information on crypto – prices, volumes, market capitalization, etc. use This service to millions of individuals, organizations and stock exchanges. However, recent comments from users of the website indicate problems. Well-known enthusiast of cryptocurrency Kevin Owner wrote on Twitter:

“How many BitForex pays for a demonstration of false trading volume? Vnutricletocny the volume of trade BitForex made up today of more than $5 billion,five times more than the Binance. BitForex is not represented in the social networks and search queries of the stock exchange is almost zero. Or have I missed something?”

According to Kevin, CoinMarketCap introduces users to the error, indicating invalid data on the trade volumes of stock exchanges. While some see this as manipulation of evidence and data to prove this fact. In the past CMC has been accused that it spreads misinformation, prompting users to investment.

This time, the website provides false information about the cryptocurrency exchange BitForex. Vnutricletocny trading volume of this exchange far exceeds that of Binance, standing in first place in the world in terms of trade, and other cryptocurrency exchanges.

BitForex head office is located in Singapore. The teams exchanges also work in Germany, Estonia, Hong Kong, Malaysia, the Philippines and other countries. In listing on the exchange included bitcoin, Ethereum, Bitcoin, Cash, litecoin, Stellar Lumens and Neo.

On CoinMarketCap, revised market size BitForex is $1 million, while vnutricletocny trading volume exceeds $5 billion.

Vnutricletocny BitForex trading volume, according to CoinMarketCap.

What is more, users point to the fact that the volume of search queries BitForex not even remotely be compared with the search frequency Binance, as evidenced by data from Google Trend.

Comparative analysis of Google trends data on search volume BitForex and Binance.

A Reddit user undertheradar48 wrote in connection with the current situation:

“Shame that we can’t trust most popular website about cryptocurrency. Such an outright lie completely undermines the credibility of any other information on their website.”

In his blog, the company CoinMarketCap says it is committed to transparency and clarity, although in the past she was accused of manipulating data. Representatives of the company responded to these accusations that all the information on their website received hundreds of exchanges and collected based on the provided API.

In particular, the company write:

“Including the list of the stock exchange, we are making the effort to verify it and make sure that she provided API contain the most recent and reliable data.”

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