- Fake volume report is a good step towards bringing transparency in the industry.
- “It's not so much Coinmarketcap’s fault, everyone tried to blame on them,” CZ.
In the wake of a research report that claimed 87% of reported cryptocurrency exchange daily trading volume could be fake, the CEO of Binance Changpeng Zhao (CZ) on an interview with Cointelegraph said that the fake volume report is a good step towards bringing transparency in the industry. CZ added that contrary to the belief that CoinMarketCap is to blame, the popular listing website had absolutely nothing to do with the situation: