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BTI is confident that 80% of the turnover of exchanges are fake, Boerse Stuttgart Group will launch its platform for trading cryptocurrencies. India tends to resolve the crypt.
The international research group Blockchain Transparency Institute conducted a study of the real turnover of the 25 largest cryptoexchanges. As a result, it was found out that only two of them, Binance and Bitfinex, do not use fake turn-around methods. The remaining 23 sites use high-frequency robots for such operations.
BTI experts compared the Order Book and the Exchange Transactions Tape. As a result, it was found that 80% of orders with Bitcoin are fake. They actually passed through the exchange, but were held by agreement of the parties and without charging fees. In this case, market makers and tokens owners can act as parties to transactions in order to improve turnover figures in reports.
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Already in the beginning of 2019, the Boerse Stuttgart Group Stock Exchange, which ranks second in Germany, will begin beta testing the Bison terminal. It will be available for trading the four most liquid cryptocurrencies - Bitcoin, Ripple, Ethereum and Litecoin. At the first stage, only BSG VIP clients will be able to trade in digital assets.
However, closer to the end of January, the Bison application will be launched to the public. According to experts, European trading platforms are much more active in introducing work with new financial instruments than their counterparts from the United States. The reason is that US regulators are quite tough on the procedure for approving digital financial assets.
The situation in the cryptocurrency market of India continues to be very difficult. After the summer of 2018, when the Central Bank banned the maintenance of cryptoexchanges for banks, it became even worse. The appeal of site owners to the courts did not bring a positive result.
Against this background, the article in the New Indian Express allows to see a more optimistic picture. It reports that the government commission for the study of cryptocurrency abandoned the idea of a global ban on digital financial assets. At the same time, its members insist on very strict regulatory rules. It is expected that the final report of the commission will be submitted in February 2019.