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What are the consequences of frontrunning for crypto traders?

Cortez GrothNov 09, 2021 · 4 years ago1 answers

Can you explain the potential consequences that frontrunning can have on cryptocurrency traders?

1 answers

  • Chinonso EkezieMay 06, 2021 · 4 years ago
    Frontrunning is a practice that can have negative consequences for crypto traders. It can lead to unfair advantages for those who engage in it, as they can profit from price movements before others. This can create a sense of distrust and unfairness in the market, which can discourage new traders from entering the space. To avoid the consequences of frontrunning, traders should be aware of the risks and use reputable exchanges that have strict policies against frontrunning. By doing so, they can protect themselves and contribute to a more transparent and fair crypto trading environment.

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