South Korea’s Bithumb, one of the largest crypto markets, has rebuffed accusations of “intentionally inflated” trading volumes made by the exchange rating services company CER. An unmanned Bithumb official told US magazine Forbes on Wednesday that the platform does not use any manipulation techniques.

CER, owned by Hacken, an Estonia-based crypto project that develops the Hacken (HKN) coin, published research of the Bithumb trading volumes for the period of June 1-November 22 of this year. CER analyzed links between trading volumes and prices volatility and reviewed transactions in those months.

“[Bithumb] applies various trade volume manipulation techniques and then uses a multi-factored approach to conceal these manipulations,” th…

This article appeared first on Cryptovest

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