My guest today is actually me, Clay.

In this episode, I am interviewed by Rob Paone. Rob is the host of the Crypto Bobby Podcast. He’s also the founder of Proof of Talent, a boutique recruiting firm that helps companies fill positions in the blockchain and cryptocurrency space. A few months ago, Rob interviewed me for his podcast and I liked the content so much that I asked Rob if I could air a modified version of that conversation here on the Flippening. He generously said yes, so here we are. By the way, this is the second time I’ve been on Rob’s show. You can listen to my first interview with Rob at episode #11. In this conversation, Rob and I explore: - How and why crypto exchanges spam aggregators like CoinMarketCap - What ticker stuffing is and how it works - Why referring to fake volume as wash trading is an inaccurate description of the problem - Why liquidity providers that are really just providing volume as a service to exchanges and crypto projects are hurting the space - What the crypto data ecosystem needs if it really wants to grow up In this episode we discuss: 

• The impact of the BitWise report
• What is driving fake volume on exchanges
• The difference between exchange spamming, volume spamming, and ticker stuffing
• Why fake volume matters and who it impacts the most
• How retail traders can protect themselves from fake volume
• How Nomics is combatting exchange spam with transparency ratings
• Why keeping up with exchange spam will be an ongoing battle

Sponsors

Crypto Loans By Nexo

Nexo is the only lender offering INSTANT crypto credit lines, which let you use digital assets as collateral to get cash in 45 fiat currencies and stablecoins.

Nexo is also a strategic partner of exchanges, OTC desks, and crypto funds through its portfolio of structured financial products. Institutional counterparties can earn up to 8% annually on their idle stablecoins, enter into asset swap agreements, or directly borrow crypto.

Individuals can also park their cash and stablecoins at Nexo’s Interest-Earning account to get an annual return of 8%. What’s more - interest is paid out daily and you can add or withdraw funds at ANY time.

So if you are looking to borrow, lend, or swap digital assets, Nexo is your GO-TO PARTNER. Definitely explore nexo.io or reach them at institutions@nexo.io.

Nomics’s Cryptocurrency Market Data API

If you found that you or your developer have to spend too much time cleaning up and maintaining datasets & ingesting market cap data, instead of identifying opportunities, or if you’re tired of interpolated data and want raw primary source trades delivered simply and consistently with top-notch support in SLAs, then check out the Nomics API.