Binance CEO Explains Why So Many Bitcoin and Crypto Exchanges Are Reportedly Faking Volume

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Binance CEO Changpeng Zhao says there’s a simple reason why Bitcoin and crypto exchanges are faking volume. Cryptocurrency index and beta fund provider Bitwise dropped a bombshell report on Wednesday that finds 95% of volume on unregulated crypto exchanges is likely fake. Bitwise is currently seeking approval for a Bitcoin exchange-traded fund proposal, and submitted […]

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