BitForex, a relatively new cryptocurrency exchange, on Thursday showed again weirdly high trading volumes. The exchange, which was launched in June with headquarters in Singapore and an official registration in the Republic of Seychelles, has already come under the spotlight for possibly fake volumes, along with several other markets.
According to CoinMarketCap data, as at 04:00 UTC, BitForex had a trading volume of some $14 billion for the past 24 hours, roughly 10 times the volume on established big exchanges like Binance, Huobi, and OKEx. ...
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