Do crypto exchanges really manipulate exchange rates of fiat currencies?

[Kross]

Some countries have accused crypto exchanges like Binance of manipulating the exchange rates of their fiat currencies. Is it true that crypto exchanges can manipulate a fiat currency's exchange rate?

 

[Laurentta]

I do not think it's true that crypto exchanges can manipulate a fiat currency's exchange rate.

 

[Nomad]

I do not think crypto exchanges actually manipulate the price of fiat currency, I believe users involved in P2P trading do.

 

[Suba]

Of course not, when you withdraw fiat money the withdrawal fees are predetermined, while the crypto prices listed depend on the liquidity of the crypto exchange itself, and in general crypto exchanges have different liquidity providers.

 

[King Belieal]

I do not think crypto exchanges actually manipulate the price of fiat currency, I believe users involved in P2P trading do.

That's it. Sellers on P2P can fix prices for trades and it completely interferes with the exchange rate of a country's fiat.

 

[Xtynehappy]

Though l have not been so attached to the cryptocurrency venture, l really have no ideas about the same.