Topic

Wash trading

Buying and selling with oneself or a coordinated counterparty so that reported turnover rises without real risk changing hands; prohibited on regulated venues.

Current clusters

invest2 publishers

Kalshi's ether perpetual turned over its open interest 174 times in a day

A former quant put $538.6m of 24-hour volume beside $3.1m of open interest on Kalshi's ether perpetual and called it proof of wash trading. Kalshi's crypto lead answered that the dollar sign means notional payout.

Publishers:crowdfundinsider.comcryptobriefing.com

Reality

Evidence36
Adoption21
Hype gap+42
Incentives78
Confidence38