Binance: Competition among market makers is very fierce, and the investigation team's duty is to remain neutral and avoid bias

On May 9, in response to the Wall Street Journal report, Binance said that the company has a strict market monitoring program and does not tolerate any market abuse. In the past three years, Binance has cleared nearly 355,000 users, whose total trading volume exceeded US$2.5 trillion, for violating the platform's terms of use. Binance said that competition among market makers is very fierce, and its investigation team's duty is to remain neutral, review all evidence impartially, and avoid being biased by allegations from market makers against competitors. Binance will use a variety of tools to conduct in-depth investigations, and will only clear users if there is sufficient evidence to prove that they have violated their terms of use. Inca Digital recently conducted an independent investigation into Binance's market monitoring practices, verified the effectiveness of its methods, and found "minimal traces of abnormal trading activity."