Staying Ahead of Unethical Trading Practices
As a leading crypto exchange, Binance is committed to fostering a fair trading environment. We want to maintain our community's trust through transparent markets.
That's why we are looking into ways to stop questionable trading strategies like frontrunning. Frontrunning is when traders use insider knowledge of upcoming trades to buy or sell ahead of other investors.
For example, some traders may find out a new coin will be listed on Binance soon. They buy that coin cheap before the listing because they know its price will jump up once it's on Binance. This gives them an unfair advantage over regular users.
Or traders could sell off a bunch of coins right before another user makes a big buy order that would raise the price. That's market manipulation and it erodes trust.
At Binance we are exploring solutions so things like that don't happen on our exchange. All users should have the same opportunities in the market. No one should be able to gain an edge by misusing insider information.
As crypto grows, making sure trading stays ethical matters more and more. We want Binance to set the standard for transparency and fairness across the industry. Thatâs key to building confidence in crypto markets over the long-term.
So traders on Binance can feel certain they compete on a level playing field. And that the prices they see accurately reflect supply and demand - not manipulation. Staying vigilant will protect our users and move the crypto industry forward.
