HashKey, a licensed cryptocurrency exchange operating in Hong Kong, faced wash trading allegations.
According to CoinGecko data, daily prices for the last 7 days Trading volume of less than $1 billion transaction volume of the domain HashKey in the last 24 hours, Up to $4.8 billion came out and approached Binance.
$3.4 billion of this comes from BTC/USD parity, and $617 million comes from Ethereum parity. BTC/USDT, the third largest parity, has a volume of 43 million dollars.
HashKey Exchange, a subsidiary of HashKey Group, is owned by OSL Digital Securities Ltd. It is one of the first two exchanges to receive a cryptocurrency license in Hong Kong.
Transaction volume on the stock exchange in a short time several times larger, wash trading allegations, which can also be expressed as wash trading related to the stock market gave birth.
Wash trading involves the same person (themselves) on both sides of a transaction for a particular cryptocurrency. buying and selling transaction to do and this way artificial volume is to create.