The Federal Trade Commission is warning the cryptocurrency community that some of its top-performing trades could be worth hundreds of thousands of dollars.
The FTC’s Trading and Markets Bureau released a report Monday detailing how many of the world’s largest cryptocurrencies, including bitcoin, have sold for thousands of times more than what they were worth on April 2, 2016.
The report, called “Taken on a Coin,” said that the majority of cryptocurrencies traded on the cryptocurrency exchange market on that date were worth less than $1 million, and that trading on the same day was worth a total of more than $5 billion.
“Trading on April 22, 2016 was worth $3,022.80, which is roughly $1.1 million less than it would be on the average market day,” the report said.
The commission also reported that the number of trading days on the exchange rose by 50% between the date of the report’s release and the end of the year.
The report said there were an average of 15,000 daily trading days.
There are currently more than 30,000 bitcoin trading days in the world, according to the report.
Trading is a key aspect of bitcoin’s trading network, and trading is also the primary method used by the currency’s creators to collect fees and sell the coins.
The cryptocurrency’s developers, the Bitcoin Foundation, say that more than 99% of trading takes place on an escrow account that the foundation manages.
The nonprofit organization has said it has collected $3 billion in bitcoin payments.
But the report warns that there is “significant risk” that the funds could go to criminals or used for “financial speculation.”
Bitcoin’s creator, the pseudonymous bitcoin creator Satoshi Nakamoto, created the cryptocurrency in 2009.
He has since been banned from the U.S. and China, where the currency is banned, and has repeatedly denied that he owns any bitcoin.
He told CNNMoney last year that he had not been involved in any thefts.