I would not draw same conclusion. The website visit figures are estimates by SimilarWeb. I never heard of them, but would take their estimates with a grain of

I would not draw same conclusion. The website visit figures are estimates by SimilarWeb. I never heard of them, but would take their estimates with a grain of salt until proven otherwise. Next, flagging volume fake just because average volume per estimated visit is high? That's a leap I would not make. Some sites cater to market makers who have larger volumes and trade over API. What about dark pool trades where one exchange does publish the figures while the other does not? Also, what is fake? Reporting volume without the actual volume of reported trades adding up to the reported value? Or are some trades fake? If the trades are fake, are they wash trades? Is the exchange the counter-party in these trades? I am unable to trust this analysis.