Why do crypto exchanges inflate volume?
Could you elaborate on the motivation behind cryptocurrency exchanges inflating their trading volume? I've noticed this practice in the industry and am curious to understand the incentives driving it. Do exchanges inflate volume to attract more investors, increase their market share, or perhaps for other financial gains? Are there any potential risks associated with this practice for investors and the broader cryptocurrency ecosystem? It seems like a complex issue, and I'm interested in gaining a deeper understanding of the reasons behind this phenomenon.