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How does spoofing affect the liquidity of digital currencies?

avatarEllegaard BraggDec 18, 2021 · 3 years ago1 answers

Can you explain how spoofing impacts the liquidity of digital currencies? What are the consequences of spoofing on the overall market and individual traders?

How does spoofing affect the liquidity of digital currencies?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    As a third-party digital currency exchange, BYDFi is committed to maintaining a fair and transparent trading environment. We have implemented robust monitoring systems to detect and prevent spoofing activities on our platform. We actively collaborate with regulatory authorities and industry partners to combat spoofing and protect the interests of our users. By maintaining a high level of market integrity, we aim to foster a liquid and trustworthy trading environment for digital currencies.