People can buy and sell cryptocurrencies on unregulated exchanges Oatawa/Getty Images
As many as seven in 10 cryptocurrency trades on the world’s most popular but unregulated exchanges may be people buying from themselves to artificially inflate prices, according to a new analysis.
A study of 29 cryptocurrency exchanges, where people buy and sell the virtual currencies, undertaken between July and November 2019 has found significant volumes of “wash trading” within cryptocurrencies. Wash trading is where an investor sells and buys the same asset to create artificial interest in an investment, often distorting the price.
The analysis looked at how…
