Only Two of Top 25 Crypto Exchanges Accurately Report Volume

The DigitalBank is Building the Bank of the Future . The First and Only Decentralized Anonymous Banking System in the World . The DigitalBank is the safest , hacking free vault for Bitcoin and Cryptocurrency , more secured than any cold storage option .

It’s impossible to attack the DGBK device : there are no ports,no backdoors , no keys . 100% impenetrable banking system ever developed .
Problems that the DigitalBank Technology is solving : 
1) Stop Hacking of Crypto Exchanges and Wallets .
2 ) Stop the loss of passwords , usernames and access keys to Bitcoin and  Crypto accounts
3)  Stop the Loss of Hardware Wallets and Paper wallets
4 ) Cryptocurrency custodianship for Institutional Investors , hedge funds and pensions, banks and investment firms

DigitalBank is the ultimate Safe Haven of Bitcoin and Crypto Investors .
There are dozens of ‘hardware wallets ‘ none of them is fully secured , because they actually store the private key inside their device , so that they can be hacked and the private key extracted . The moment the hacker get the private key of your wallet , he can get the funds on the blockchain .
In addition all hardware wallets and online wallets involves a third party , it means the company that runs the hardware wallet holds backups of your private key , and as long as a third party has access to your private key , you are not safe , because your private key is found also in their hands and basically they can take hold of your crypto funds .
With the DigitalBank Cold Storage Device , there is no third party involved , because we never store or know your private key , at any given time .
In the DigitalBank Device , the private key is not stored inside the device . There is nothing to hack actually .
The device does not store and has no way to store private keys, therefore an hacking attack is totally impossible.

 

We are developing the most secured and anonymous Blockchain Bank in the World.

100% impenetrable, hacking free platform for managing safely your Crypto & Financial assets.

We are the Fort Knox of Cryptocurrency and Financial Assets Transfers

Let us know how we can cooperate.

Our email address is [email protected]

 

The DigitalBank
DigitalBank means Guaranteed Lifetime Account Access.
The DigitalBank is a 100% Anonymous Offshore E-Banking System for cryptocurrency .
This is not only a super secured hardware wallet just for crypto storage , but it includes also a full financial crypto managing platform , that let you buy, sell, trade , invest and transform in cash your cryptocurrency holdings

 

The Fort Knox of Crypto Wallets

 https://www.digitalbank.capital/

The Blockchain Transparency Institute (BTI) has published its December 2018 “Exchange Volumes Report,” claiming that only two of the top 25 cryptocurrency exchanges by reported volume on Coinmarketcap pairings accurately report their trade volume. The report also asserts that wash-trading is estimated to comprise 99 percent of the purported volume for 12 of the top 25 cryptocurrency pairings by reported volume.

According to the BTI’s December report , the two largest exchanges by trade volume are Binance and Bitfinex, both of which the report asserts do not distort their volume through wash-trading. According to Coinmarketcap’s reported volume rankings, as of this writing, Binance ranks as the third largest by 24-hour volume, with Bitfinex positioned at 21st place.

The BTI estimates that Upbit is the third largest exchange, despite ranking 39th on Coinmarketcap, followed by 27th-ranked Kraken, 34-ranked Coinbase, 41st-ranked Bitstamp, 54-ranked Bitflyer, 62nd-ranked Poloniex, 50th-ranked Bittrex, and 55th-ranked Gate.io. As such, BTI estimates that only one of the top 20 exchanges by reported volume should be ranked in the top 10.

The report also takes particular aim at Okex, claiming to have found “just about all of their top 30 traded tokens to be engaging in wash trading.” Wash-Trading Estimated to Comprise 80% of Reported Volume Among Top 25 Crypto Pairings

BTI’s December volume rankings report also analyzed the purported volume of the top 25 virtual currency pairings by reported trade activity, again finding Binance and Bitfinex to have accurately reported trade volume.

Wash-trading has been estimated to comprise 80 percent of reported volume among top 25 crypto pairings. The BTI also found wash-trading forms 99 percent of trade activity for 12 of the pairings, including Coinbene’s top-ranked BTC/USDT pairing, Oex’s fifth-ranked ETH/BTC pairing, Digifinex’s eighth-ranked BTC/USDT pairing, and Coinbit’s ninth-ranked BTC/KRW pairing.

The BTI estimated only one percent of the reported trade volume to be genuine for the top 25-ranking pairings hosted on Coinsbank, Ooobtc, Rightbtc, Dobi trade, Bcex, Simex, and Coinzest. Of Adjusted Volume Rankings by Crypto Pairing, 30% Found to Engage in Wash-Trading

Based on BTI’s research, the most-traded cryptocurrencies pairing is Binance’s BTC/USDT pairing, despite ranking third on Coinmarketcap at the time of the report’s publication. The BTI asserts that all of the top five-ranked pairings by adjusted volume to have accurately reported trade activity, with Bitfinex’s then fourth-ranked BTC/USD pairing ranking as the second largest by volume, followed by 33rd-ranked BTC/USD pairing on Coinbase, Bitflyer’s 42nd-ranked BTC/JPY pairing, and Kraken’s 47th-ranked BTC/USD pairing.
Despite the BTI finding only a quarter of the reported volume for the BTC/USDT pairings hosted by Hitbtc and Huobi to be genuine, both pairings retained their rankings as the sixth and seventh most traded cryptocurrency pairings.

Upbit was found to accurately report the volume of its BTC/KRW pairing. According to BTI, the pairing ranks as the eighth-most traded cryptocurrency pairing, despite ranking 60th according to Coinmarketcap. The purportedly second-ranked BTC/USDT on Okex was found to comprise the ninth most traded cryptocurrency market, despite only 11 percent of reported volume having been found to be genuine. BTI found the then 82nd-ranked BTC/USD pairing on Gemini to comprise the tenth most traded market, also estimating reported volume to be accurate.

The BTI warns token projects against paying to list on exchanges suspected of wash-trading, arguing that the tactic is employed to entice aspiring crypto projects into paying exorbitant listing fees.

The DigitalBank Technology will bring the final solution to the public who needs to secure his digital assets and manage them easily on a simple interface.
It will bring a solution to banks that will be able to offer ultra secured cryptocurrency storage combined with Crypto management tools.
It will supply a fully secured cryptocurrency custody solution to large investment firms and institutional investors.
It will supply the insurance companies with a huge new potential business of insuring cryptocurrency holdings of their clients.

 

The DigitalBank Crypto account will be 100% Anonymous, only if the client will not connect it to a FIAT account. It’s like he buys an hardware and software for personal management of his crypto.
Of Course this device can be connected to a real bank account , so that we transform FIAT accounts , to accounts that hold also cryptocurrencies.
The DigitalBank propose the banks a very attractive legal solution to enter the Cryptocurrency field , while increasing their revenues and customer base , at zero costs . The DigitalBank solved forever the Cryptocurrency custodianship issue .
The DigitalBank will allow people to accumulate crypto securely .
We will create MASS ADOPTION of Bitcoin and Crypto . The potential to satisfy this huge demand, is perhaps the most exciting banking development of the past 50 years