We have coded a websocket script getting orderbook & execution data direct from the exchanges Binance, Kraken, and Coinbase -- checking for executions between bid/ask, i.e., potential fake volume.
The results may surprise you, see source here:
github.com/Whalepool/Bitc
#bitcoin
Conversation
if an exchange is going to cheat, why not just have a bot market buying and selling at randomized time intervals?
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because if they do it with real orders they risk another trader/bot executing against them. that's why it's safer to just print fake volume numbers in Recent Trades instead
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Some exchanges still do that. They tend to get quite pissed when someone tries to do an actual, legit trade on their exchange against them.