CRYPTOWALES

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As the most popular and wildly used, centralized cryptocurrency exchanges have gathered a significant amount of influence over the years. The centralized exchanges control the power to make or break blockchain projects, and usually, they are the only businesses that remain lucrative regardless of the level of volatility and instability that the cryptocurrency markets experiences. The massive wealth and influence that centralized exchanges posses have led to serious unethical acts of market manipulation and exploitation that emphasize exactly the reasons why decentralized exchanges are needed now more than ever. A shocking information was brought to light by crypto Trader named Silvain Ribes, where he believes that far above $3 billion of all crypto assets’ volume are fabricated and unreal and that OKex, which is the number one exchange rated by volume is the main offender with up to 93% of its volume being fake. In addition, another trader points out the disturbing fact that t