Token teams are paying for inflated volumes, but this tech company is helping traders spot them
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Quick Take
- FRST, a Chicago-based blockchain data provider, has raised $3.4 million
- It provides technology to help trading firms distinguish between real volumes and inflated volumes
- In crypto, firms sell services to make certain coins or exchanges appear more liquid
In crypto, there are three kinds of lies: lies, damned lies, and market data. Cryptocurrency markets are notoriously untrustworthy. Popular data aggregators, which paint a picture of the market for traders, notably ignore anomalies, such as wash-trading and pay-for-play arrangements between small cap coins and digital currency exchanges. Wash trading, the creation of artificial trading activity, […]
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