We at CER
are conducting ongoing research studying the problem of fake volume since summer 2018. After thousands of research hours, we were able to conclude that the trade volume metric used by crypto exchanges as the main ranking factor does not provide crypto traders with fair information on size, quality, and integrity of the exchange. This approach will only yield ways for an exchange to manipulate data and provide an advantage to unfair players who would fake volumes just to be on the top of ranking websites such as CMC.
Cryptocurrencies are on the rise due to the advent of blockchain technology. Transparency and accountability of a transaction are the key features of a blockchain. Most Crypto exchanges are centralized, and yet a major stakeholder, however, they do not
adhere to a transparent and accountable standard presented by blockchain.
Throughout the past 9 months, we have identified 16M+
hot and cold wallets associated with crypto exchanges. These wallets are included in the ranking.
CER team in cooperation with Crystal Analytics by BitFury and Etherscan has released first ever cryptocurrency exchanges BTC & ETH balance ranking.