Robots create an unfair trading environment and harm
With small investors.
Common tricks include:
Plagiarism:
Placing large fake orders to make others believe the price will move, then canceling them.
Sneak trading:
Fake buying and selling to inflate trading volume and mislead traders. These tactics distort the market and make it difficult for regular traders to achieve success.
But what can Binance do to stop this?
What Binance Can Do to Stop Market Manipulation
Detect fake orders:
Use technology to find and block requests that appear and disappear too quickly.
Punishing bad behavior:
Penalize accounts involved in manipulation, such as spoofing or fake trading.
Control robots:
Reduce the influence of robots that create artificial price movements. Make the order book more transparent:
Ensure that visual commands are real by requiring them to remain active for a minimum amount of time.
Trader Protection:
Educate users on how to avoid traps and provide better risk management tools. Why Binance needs to act now If Binance wants to remain the number one exchange, it needs to prove that it protects its users.
Small traders are the backbone of the cryptocurrency market, and if they feel the system is unfair, they will move to platforms that offer more security and transparency.
Stopping fake orders and manipulative tactics is key to rebuilding trust. The future of fair trade depends on it.
What do you think? Should Binance take stronger action against market manipulation? Let us know! Leave your opinion 👇