Binance Wash Trading Behind Huge Bitcoin Volume Surge, Incentives Being Removed, CZ Says
The removal of some trading fees on the major crypto exchange Binance is believed to be the reason behind a surge in trading volume on Friday that ended up barely moving the price at all. Now, Binance CEO Changpeng Zhao (CZ) has announced steps to combat so-called wash trading on his exchange. Notably, the surge in volume occurred on the same day as a zero-fee promotion on certain bitcoin (BTC) spot trades went into effect on Binance…. Read More: Binance Wash Trading Behind Huge Bitcoin Volume Surge, Incentives Being Removed, CZ Says…
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