70% of unregulated exchanges’ volume is wash trading: study

An average of 70% transaction volume on unregulated exchanges are in wash trades.
The statistic is part of a report recently released by the National Bureau of Economic Research (NBER).
Incentives for exchanges include rankings and short term price movements.A new study on the use of crypto exchanges suggests that nearly three quarters of the transactions relate to wash trading activities.
The National Bureau of Economic Research (NBER) says in its research paper “Crypto Wash Trading&rdqu