Bitcoin Surpasses Paypal in Yearly Transactional Volume Race


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


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.


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?