The CEO of cryptocurrency exchange Binance, Changpeng Zhao, said in an interview with Cointelegraph on March 27 that recent reports on fake trading volumes are useful for the crypto industry.
Zhao, known in the industry as CZ, said that the reports — most recently from Bitwise Asset Management and The Tie — on exchanges widely faking volumes will end up making the whole industry more transparent. He also stressed that the story has nothing to do with CoinMarketCap — one of the most popular crypto rankings websites:
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