Apr 23, 2019 | Marcello Pichini

A supplement to the Bitwise report presented in March 2019 to SEC

We have analyzed the trading volumes reported by The Rock Trading exchange and found them to be credible, according to the criteria used by Bitwise Investments in their March 2019 report to SEC.

Bitwise investigated the real liquidity of the Bitcoin market, covering the 81 “top” Bitcoin exchanges by reported volume. Most of those volumes turned out to be fake and/or non-economic wash trading.

For more details about our supplemental analysis see the report.