RATE Group | Trader Accuses Indian Cryptocurrency Exchange BitBns of Inflating Trading Volumes
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Trader Accuses Indian Cryptocurrency Exchange BitBns of Inflating Trading Volumes

07 Oct Trader Accuses Indian Cryptocurrency Exchange BitBns of Inflating Trading Volumes

Posted at 20:53h in Cryptocurrency News by

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Trader Accuses Indian Cryptocurrency Exchange BitBns of Inflating Trading Volumes

trader-accuses-indian-cryptocurrency-exchange-bitbns-of-inflating-trading-volumes

Cryptocurrency trader Karthik Varma has recently accused popular Indian cryptocurrency exchange Bitbns of inflating trading volumes on its platform, presumably in a bid to attract users.

Varma, according to a post, found it strange Bitbns’ trading volumes dropped during the bear market for only a short period of time. Earlier this year, the exchange was accused of faking its trading volumes, but claimed a bug affected its systems.

Using the exchange’s APIs and a program he created using MySQL, Varma decided to investigate whether the exchange’s publicly displayed trading volumes matched its order books.

Claiming he “didn’t miss any data,” after running the program for 24 hours,…

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