What measures are being taken by cryptocurrency exchanges to prevent wash trading?

1 answers

• Habitat28Feb 19, 2024 · a year ago
  At BYDFi, we take wash trading prevention seriously. We have implemented a comprehensive set of measures to detect and prevent wash trading on our platform. Our advanced trading surveillance system continuously monitors trading activities and identifies any suspicious patterns. We also collaborate with external market surveillance providers to enhance our monitoring capabilities. Furthermore, we have strict KYC and AML procedures in place to ensure that all our users are properly identified and verified. By implementing these measures, we aim to maintain a fair and secure trading environment for our users.
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