Indian Crypto Exchange Bitbns has as a market share of 79.1%.
Bitbns is accused of inflating trading volumes to maintain its dominant position in the market, which is not yet confirmed.
In a recent study conducted by CoinGecko, Bitbns, a leading cryptocurrency exchange in India, has emerged as the largest player in the country’s crypto ecosystem. That captured an impressive market share of 79.1% among the top four centralized exchanges. However, concerns have been raised regarding the dominance of Bitbns and its reported trading volume. As allegations of manipulating figures and utilizing deceptive tactics to inflate volumes have come to light. However, the assertion has not yet been confirmed by any of the officials. Additionally, there might have been a glitch in the cryptocurrency tracking platform ConGecko.
Top Centralized Crypto Exchange in India (Source: CoinGecko)
How Bitbns Witnessed Massive Trading Volume?
According to the study, which was published in a Medium blog post
We współpracy z: https://thenewscrypto.com/crypto-news-bitbns-ranks-as-largest-indian-crypto-exchange-raising-concerns-on-reported-volumes/
