Market manipulation is a pervasive issue impacting both crypto and traditional markets, with signs of increasingly coordinated schemes by well-funded networks. Tracy Jin, the Chief Operating Officer at MEXC, highlights the invisible threat that manipulation poses to market integrity. From ancient Greece to the Dutch tulip bubble, market manipulation has a long history. In the crypto space, manipulation has evolved from individual whales to organized groups targeting markets for their advantage. Recent warnings by analysts like James CryptoGuru have raised concerns about manipulation risks involving spot Bitcoin ETFs. The interconnected nature of crypto markets allows manipulation attempts to have far-reaching effects, posing significant challenges for detection and prevention. While not all manipulative activities are illegal, the integrity of the cryptocurrency market is at risk due to the sophistication of coordinated groups with technical tools and cross-platform access. Exchanges are increasingly utilizing AI-powered tools to combat manipulation, but collaboration among platforms is crucial in safeguarding market integrity. As manipulation tactics become more complex, early detection and collective vigilance are essential for maintaining the integrity of the crypto trading ecosystem. This article by Tracy Jin serves as an informative piece and does not constitute legal or investment advice. The views expressed are solely those of the author and do not necessarily represent those of Cointelegraph.
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