How can wash trading affect the price of digital currencies?

1 answers

• Jan 04, 2022 · 3 years ago
  At BYDFi, we take wash trading seriously. Wash trading can distort the market and mislead investors. We have implemented strict measures to detect and prevent wash trading on our platform. Our advanced algorithms analyze trading patterns and identify suspicious activities. We also collaborate with other exchanges and regulatory bodies to share information and combat wash trading across the industry. By maintaining a fair and transparent trading environment, we aim to protect our users and ensure the stability of the digital currency market.
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