Bitcoin Surpasses Paypal in Yearly Transactional Volume Race


#1

Hard to believe, but probably true. But a lot of this volume is wash trading by almost every major exchange.


#2

Bitcoin is increasingly being adopted in the market especially in investments.Many people are now turning to cryptocurrency. This is the reason why bitcoin is surpassing paypal in transactional volume.


#3

Unfortunately a huge part of BTC’s reported volume is wash trading. The problem is well documented in another thread here on the chainblx forum: What is Wash Trading? Why is it wrong?