The SEC lawsuit, which alleges (among other things) Binance as having lots of wash trading on their platform, still hasn't been resolved. Using statistical met

The SEC lawsuit, which alleges (among other things) Binance as having lots of wash trading on their platform, still hasn't been resolved. Using statistical methods, for BTC, ETH, LTC, and XRP, Binance wash trading was estimated at >50%. https://www.nber.org/papers/w30783 https://www.nber.org/papers/w30783 You can see other pairs on Binance that are clearly more. For example, GAS is the 9th "most traded" token on Binance. It claims ~$100M in daily volume, but there's not even $1M in liquidity between +/- 2% of spot. That is almost certainly all wash trading. https://www.coingecko.com/en/exchanges/binance https://www.coingecko.com/en/exchanges/binance Binance volume numbers are not believable.