Binance To Exclude 13 Spot Bitcoin Pairs From Trading Volume Calculations As Wash Trading Spikes After Zero Fee BTC Trading - BitcoinEthereumNews.com
Bitcoin Binance To Exclude 13 Spot Bitcoin Pairs From Trading Volume Calculations As Wash Trading Spikes After Zero Fee BTC Trading07/08/2022Notícias do Bitcoin Ethereum- Propaganda - Binance sees a wash trading spike putting the decision to make trading on BTC pairs free into question. Binance, in a blog late Friday, has revealed that it would be excluding 13 spot BTC pairs from trading volume calculations as a rise in wash trading is observed following the anouncement of zero fees on BTC pairs. “Think this is due to zero fees and people trying to gain VIP tiers. We will exclude Btc trading from VIP calculations. Remove all incentives to wash trade. Anouncement with details coming shortly,” Changpeng Zhao da Binance twittou an hour before the latest anouncement responding to an observation that $3 billion worth of Bitcoin had been purchased in just 2 hours with no effect on the BTC price. Think this is due to zero fees and people trying to gain VIP tiers. We will exclude Btc trading from VIP calculations. Remove all incentives to wash trade. Anouncement with details coming shortly. - CZ ???? Binance (@cz_binance) 8 de julho de 2022 Wash trading is a practice where investors buy and sell the same financial